Green path :Gold is in an important and strong support from 1.daily support and 2.trendline so we would expect at least some reversal candle and gain in price to our first target
Target :1750(why? beacuse as you can see it is resistance and trendline will push pressure to it on that area too )
Red path :we expect gold don't fall any more from that green zone because we talk about the importance of that zone and if it break and retest get completed then the market will get mad new channel reach too and bullish candle will lead market for long time
some previous analysis are :
and ..
<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
Target :1750(why? beacuse as you can see it is resistance and trendline will push pressure to it on that area too )
Red path :we expect gold don't fall any more from that green zone because we talk about the importance of that zone and if it break and retest get completed then the market will get mad new channel reach too and bullish candle will lead market for long time
some previous analysis are :
and ..
<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
Trade closed: target reached
1750 touched
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My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned messages in my telegram channel for more info.
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.