Good morning to all the traders around the World.
This is going to be my personal thoughts on Gold for today and next week.
Once it breaks the 1970 Daily high, bullish sentiment is on. There is an Imbalance Zone around Psychological Level 2000 that needs to be filled and is due since mid May. Also the daily candle is bullish engulfing which further supports the upward movement. And almost perfect bearish Gartley Pattern completes around 1998-2000 area. Following the PA we can then enter sell trade from 1998-2000 area to our Profit Target of atleast 1940. Our RR would be around 1:6. Happy Trading
This is going to be my personal thoughts on Gold for today and next week.
Once it breaks the 1970 Daily high, bullish sentiment is on. There is an Imbalance Zone around Psychological Level 2000 that needs to be filled and is due since mid May. Also the daily candle is bullish engulfing which further supports the upward movement. And almost perfect bearish Gartley Pattern completes around 1998-2000 area. Following the PA we can then enter sell trade from 1998-2000 area to our Profit Target of atleast 1940. Our RR would be around 1:6. Happy Trading