Hello Traders,
Hope you all are doing good!!
As per last analysis, GOLD has moved down after testing the resistance at 1875.
Currently it is trading in Ascending triangle, however facing the immediate resistance at 1845 & have demand zone below as shown in the chart.
Normally ascending triangle supposed to be broken upside, however the price action is biased more of downside.
Wait for the breakout of this triangle for deciding the next move.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Hope you all are doing good!!
As per last analysis, GOLD has moved down after testing the resistance at 1875.
Currently it is trading in Ascending triangle, however facing the immediate resistance at 1845 & have demand zone below as shown in the chart.
Normally ascending triangle supposed to be broken upside, however the price action is biased more of downside.
Wait for the breakout of this triangle for deciding the next move.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
