Gold Projections
G'day, Guys.
Today we gonna continue to track down the current Gold Condition.
Generally, Gold has created resistance at the 1831 zone and was rejected. From a 4 Hour perspective this pair currently showing an uptrend rally but rejected in the 1831 zone which is we have to closely monitor market structure confirmations before making any trade.
Here is our idea, we waiting for either the 1831 zone broken or the current price forming solid break on the uptrend trendline before making any trade decision. As recent Feds release, gold likely move due to speculator taking advantage on non-change on the interest rates.
So in order to manage proper risk and rewards, waiting is better than jumping into the trade. We looking for another trade opportunity in other FX pairs or Stock or Crypto.
Remember, always respect a bigger timeframe and dance with the market.
Today we gonna continue to track down the current Gold Condition.
Generally, Gold has created resistance at the 1831 zone and was rejected. From a 4 Hour perspective this pair currently showing an uptrend rally but rejected in the 1831 zone which is we have to closely monitor market structure confirmations before making any trade.
Here is our idea, we waiting for either the 1831 zone broken or the current price forming solid break on the uptrend trendline before making any trade decision. As recent Feds release, gold likely move due to speculator taking advantage on non-change on the interest rates.
So in order to manage proper risk and rewards, waiting is better than jumping into the trade. We looking for another trade opportunity in other FX pairs or Stock or Crypto.
Remember, always respect a bigger timeframe and dance with the market.
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