Hello Friends,
In this GOLD Analysis right now, we are at SUPPORT AREA where the possibility of BULLs (Buying) is more considering to have control on the market. For that we have mentioned a Support Area starting from 1723 - 1704 approximately. As we are on BUY so at first we believe entering from this support Area as BUY will make our Trade successful & provide us good profit But in that AREA we have seen in history, some fake candles in the Fake-Bar Zone so our View on trading this area is Like firstly From the support area we should use small lots for a specific amount of profit & secondly if it fall more down in the Fake-Bar Zone then surely we can open long term Buy positions from its pullback in that Area. Target Areas for Bulls are 1760 approximately whereas you can put it 1753 for perfectly hitting TP.
Further INFO: Its seem like DXY will hit 110 & similar if US10Y (bonds) corss 3% of the interest-rate then surely GOLD will fall to 1700 level.
For that all we will trade safely so that we should not miss the IMPULSIVE BULLISH MOVE occurs from the SUPPORTS AREA & make a massive amount of profit as these Chances comes after a LONG-TIME.
In this GOLD Analysis right now, we are at SUPPORT AREA where the possibility of BULLs (Buying) is more considering to have control on the market. For that we have mentioned a Support Area starting from 1723 - 1704 approximately. As we are on BUY so at first we believe entering from this support Area as BUY will make our Trade successful & provide us good profit But in that AREA we have seen in history, some fake candles in the Fake-Bar Zone so our View on trading this area is Like firstly From the support area we should use small lots for a specific amount of profit & secondly if it fall more down in the Fake-Bar Zone then surely we can open long term Buy positions from its pullback in that Area. Target Areas for Bulls are 1760 approximately whereas you can put it 1753 for perfectly hitting TP.
Further INFO: Its seem like DXY will hit 110 & similar if US10Y (bonds) corss 3% of the interest-rate then surely GOLD will fall to 1700 level.
For that all we will trade safely so that we should not miss the IMPULSIVE BULLISH MOVE occurs from the SUPPORTS AREA & make a massive amount of profit as these Chances comes after a LONG-TIME.
