According to hourly time frame Gold creates Head and Shoulder Pattern.
Bearish Wick candles and prices prevailing below 50 HMA clearly
shows bearish bias. Moreover, market created Double Top
at $1959 level.
where to Enter?
If market breaks Trend line (mentioned in chart) and 1&4 hourly close
below $1952 level. Initial Target will be $1940 and $1930 with ex of 1922.
Stop should be above $1960.
Remember, Initial target of $1940 is also an Area of HIGH CONFLUENCE, where market may be Reverse.
please check Price action and don't sell without my assistance.
If break than $1880 on Radar!
Bearish Wick candles and prices prevailing below 50 HMA clearly
shows bearish bias. Moreover, market created Double Top
at $1959 level.
where to Enter?
If market breaks Trend line (mentioned in chart) and 1&4 hourly close
below $1952 level. Initial Target will be $1940 and $1930 with ex of 1922.
Stop should be above $1960.
Remember, Initial target of $1940 is also an Area of HIGH CONFLUENCE, where market may be Reverse.
please check Price action and don't sell without my assistance.
If break than $1880 on Radar!
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