Gold next possible move (FOR SHORT TERM)(27-10-2022)

2022年10月27日

Go through the analysis carefully, and do trade accordingly,

👍-POSSIBILITY-1
If price breaks 1678-1688 area (i.e. Resistance area ) and retested it then, we will place buy order in gold with target of 1700,1727,1738,1772. and stop loss should be the lower price of this Resistance range or 50D-EMA (~1678).
👍-POSSIBILITY-2
If price breaks 1652-1640 area (i.e. Support area ) and retested it then, we will place sell order in gold with target of 1632,1622,1615,1600 and stop loss should be the Higher price of this Support range or 50D-EMA (~1665)

Our trading Preference:

Trading tips: (Accuracy 75%)
Buy @1660
TP1 @1670
TP2 @1675
TP3 @1680
TP4 @1688, 1700

Sell Stop @1640( OPTIONAL)

Best of luck👍👍👍👍
Never risk 2% of principal to follow any position.
Go through the analysis carefully, and do trade accordingly
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