Technical Gold :
Gold closed yesterday with a bullish pin bar and then taking into account the presence of a double top in 1933$ which indicates a sellers' trap, the most optimal strategy is to continue trading long positions along the pullback formed from overnight volatility high, Price still clear yet direction.
However, there are traders who have not nor even wanted to buy or sell the instrument in the medium term. Considering this, the next option is to open short positions before the false breakout of 1933, because if not, there is a high chance that you will fall into the classic trap of sellers, which, in such volatile instruments as gold, slams at regular intervals.
Key resistance 1933$ expecting seller drop price towards major support level 1825$ if $ get strong after US final result, Despite the contradictions and questions in the calculations, Joe Biden is leading the US presidential elections.
This is under the framework of Price Action and Stop Hunting strategies.
🛑SUPPORT/RESISTANCE
✅S1= 1860$
✅S2=1825$
✴️R1=1933$
✴️R2=1960$
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Gold closed yesterday with a bullish pin bar and then taking into account the presence of a double top in 1933$ which indicates a sellers' trap, the most optimal strategy is to continue trading long positions along the pullback formed from overnight volatility high, Price still clear yet direction.
However, there are traders who have not nor even wanted to buy or sell the instrument in the medium term. Considering this, the next option is to open short positions before the false breakout of 1933, because if not, there is a high chance that you will fall into the classic trap of sellers, which, in such volatile instruments as gold, slams at regular intervals.
Key resistance 1933$ expecting seller drop price towards major support level 1825$ if $ get strong after US final result, Despite the contradictions and questions in the calculations, Joe Biden is leading the US presidential elections.
This is under the framework of Price Action and Stop Hunting strategies.
🛑SUPPORT/RESISTANCE
✅S1= 1860$
✅S2=1825$
✴️R1=1933$
✴️R2=1960$
Please like, share, comment and follow me to get daily base analysis.
Thank you for your support, I appreciate it.