The price recently broke out of a downward trendline, showing a shift from a bearish to a bullish trend. This was confirmed by a Break of Structure (BOS) and a sweep of previous lows. the price moved up strongly, breaking key resistance levels.
Key Levels to Watch:
The Fibonacci Golden Pocket is an important support area where the price is likely to bounce back up. This makes it a good spot to look for buy opportunities.
Scenario 1:
We can take sell from 3075 - 80 zone with some confirmation till the last OB because the market can come to retest that level.
Scenario 2:
If the market rejects from higher high and fall back we can wait and enter at two points one from 3053 zone and another at Golden pocket
Key Levels to Watch:
The Fibonacci Golden Pocket is an important support area where the price is likely to bounce back up. This makes it a good spot to look for buy opportunities.
Scenario 1:
We can take sell from 3075 - 80 zone with some confirmation till the last OB because the market can come to retest that level.
Scenario 2:
If the market rejects from higher high and fall back we can wait and enter at two points one from 3053 zone and another at Golden pocket
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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.
🗣Daily forex updates 🇺🇲🌎🗣Fundamentals and Technical experts🗣GBP specialists & Gold🗣weekly 1500-2000pips🗣chart patterns 👍 t.me/ApexBullGold
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.