Gold is sick and confused(correction?❌ or rise ?🚀)<range zone >
As we can see gold broke an important falling trendline(red trendline) and retest completed and we expect strong bullish market but it lost the strong support of green trendline and this is the reason we call it sick
Green path :if price break 1740 and retest completed and once again above 1740 we would consider bullish market to the targets like
Targets :
A. 1750
B. 1770
and another reason of expecting bullish market is ?
Red path :we wrote about it that if price fall hard and lost last support then we would again reach previous low or even lower low too and strong bearish market
Blue path :market that is now range here and we call that confusing .
Purple path :pervious analysis :
Notice :bullish market is more expected now after previous huge correction. 🚀
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
Green path :if price break 1740 and retest completed and once again above 1740 we would consider bullish market to the targets like
Targets :
A. 1750
B. 1770
and another reason of expecting bullish market is ?
Red path :we wrote about it that if price fall hard and lost last support then we would again reach previous low or even lower low too and strong bearish market
Blue path :market that is now range here and we call that confusing .
Purple path :pervious analysis :
Notice :bullish market is more expected now after previous huge correction. 🚀
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
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t.me/mmbtchannel
VIP Channels:
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check pinned message in telegram for more information.
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