Hello traders what do you think about GOLD? My setups for this week (21-25 Aug) first Long setup entry1 1893 si 1890 tp 1903 CONFIRMATION 1) it created strong support at 1887-1885,if it respect the support level with long wick rejection with a double bottom at support. 2) if it break and retest 1903 level we can take entry 3) double bottom formation at 1887-1885(in future) 4) market sentiment is bullish (80% client retail clients) 5) daily candle low at 1887 level
Second short setup entry 1885 si 1887 tp1 1877 CONFIRMATION 1) daily candle low break 2) weekly bearish market structure 3) key level touch at 1885 (quaterly) 4) double bottom formation at key level (in future) 5) if it break and retest 1885 level we can take entry.
Third Short setup entry 3rd tap of trendline si 20-30 tp1 1893 tp2 1877 CONFIRMATION 1) third tap of trendline on 1h 2h 4h 2) on a HTF(weekly) market is bearish 3) double top formation 4) key level touch (monthly) 5) strong resistance area around 1910-15
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