Hello traders, previously, I had recommended selling Gold at the 1940-1950
level. As expected, Gold fell heavily after FOMCH which I already predicted.
📌Currently, the price of Gold is around 1875 level.
📌Yesterday, the bearish impulse was so strong that buying Gold looks very
risky now.
📌That being said, a pullback to 1900 or 1920 can not be ruled out. If the level
at 1870-1875 holds and multiple bullish candlesticks form at this level, then we
can consider buy Gold with a tight SL and TP at 1900, 1920.
level. As expected, Gold fell heavily after FOMCH which I already predicted.
📌Currently, the price of Gold is around 1875 level.
📌Yesterday, the bearish impulse was so strong that buying Gold looks very
risky now.
📌That being said, a pullback to 1900 or 1920 can not be ruled out. If the level
at 1870-1875 holds and multiple bullish candlesticks form at this level, then we
can consider buy Gold with a tight SL and TP at 1900, 1920.
Note
Remember, buy trades will be considered only if we see bullish price action at the 1870-1875 zone.Note
So far the zone is holdingOrder cancelled
Price has fallen below my desired zone, this set-up is now invalid
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Related publications
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.