Hello Friends,
Here on GOLD we have a crash in the early morning today after which Gold come back where it closed the last candle before week. So Here first we have a zone as its resistance, below is a bearish zone & above it is a bullish zone. Firstly we are into bearish zone as after rejection it should go-to test that rejection which we can say double bottom formation. Another thing that as in resistance zone gold almost rejects in history which is as strong area therefore Its first hit for now have more possibility of rejections for bull.So the first target on bear is around 1720s which is my current focus to trade on bears until it didn't break the resistance & the final complete test hit target around 1690s. For bulls chart is clear if it break the resistance & fly into bullish zone we're happy to trade it till 1780s. Must have focus on Bear for now, which best entry level is around 1745s for the first target till 1720.
I HOPE YOU'VE GOT SOME POINT OF VIEW ON HOW TO TRADE GOLD FOR NEXT MOVE.
Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU!
P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
Here on GOLD we have a crash in the early morning today after which Gold come back where it closed the last candle before week. So Here first we have a zone as its resistance, below is a bearish zone & above it is a bullish zone. Firstly we are into bearish zone as after rejection it should go-to test that rejection which we can say double bottom formation. Another thing that as in resistance zone gold almost rejects in history which is as strong area therefore Its first hit for now have more possibility of rejections for bull.So the first target on bear is around 1720s which is my current focus to trade on bears until it didn't break the resistance & the final complete test hit target around 1690s. For bulls chart is clear if it break the resistance & fly into bullish zone we're happy to trade it till 1780s. Must have focus on Bear for now, which best entry level is around 1745s for the first target till 1720.
I HOPE YOU'VE GOT SOME POINT OF VIEW ON HOW TO TRADE GOLD FOR NEXT MOVE.
Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU!
P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
