Hey everyone this is Nathima,
Hope you all are doing well
please check out the update on gold for now there are two scenarios let discuss the first one
gold is clear range from 2502 to 2505
Scenario 1: If price manages to break above the resistance which is at 2505 and close a m30 candle above it then very next candle starts to wick down keep in mind not to break the low of the above closed candle and then sweep the high of the closed candle we can anticipate a bullish move till the new highs
Scenario 2: If price manages to close below the range like a m30 candle close below the support which is at 2502 and very next candle first start to wick up and then sweep the low of the closed candle we can anticipate a bearish move to the downside till our next targets
BEARISH TARGETS:
2500
2494 since its a big target so trial your sl according to it
BULLISH TARGETS:
2507
2509
Hope you all are doing well
please check out the update on gold for now there are two scenarios let discuss the first one
gold is clear range from 2502 to 2505
Scenario 1: If price manages to break above the resistance which is at 2505 and close a m30 candle above it then very next candle starts to wick down keep in mind not to break the low of the above closed candle and then sweep the high of the closed candle we can anticipate a bullish move till the new highs
Scenario 2: If price manages to close below the range like a m30 candle close below the support which is at 2502 and very next candle first start to wick up and then sweep the low of the closed candle we can anticipate a bearish move to the downside till our next targets
BEARISH TARGETS:
2500
2494 since its a big target so trial your sl according to it
BULLISH TARGETS:
2507
2509
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.