GOLD Weekly Forecast (10/6 - 10/10)
Hello Traders!
Sabella Weekly Analysis Market Current Price : 2650
1st Opportunity (Bearish):
There is a support zone and a trend line at level 2659 - 2664
price have to touch that level then will go down till a strong buying zone 2638 - 2632 and go for buying, but if this level breaks then it'll go more down.
2nd Opportunity (Bullish):
the strong buying zone is enough to make gold go up but when market comes to this price we have to carefully monitor market if theres any confirmation then we'll buy but if this level breaks then gold will go more down to the level 2612.
Follow me or liking the idea would be highly appreciated
!!This is for educational purpose do your analysis in advance to take trades!!
Sabella Weekly Analysis Market Current Price : 2650
1st Opportunity (Bearish):
There is a support zone and a trend line at level 2659 - 2664
price have to touch that level then will go down till a strong buying zone 2638 - 2632 and go for buying, but if this level breaks then it'll go more down.
2nd Opportunity (Bullish):
the strong buying zone is enough to make gold go up but when market comes to this price we have to carefully monitor market if theres any confirmation then we'll buy but if this level breaks then gold will go more down to the level 2612.
Follow me or liking the idea would be highly appreciated
!!This is for educational purpose do your analysis in advance to take trades!!
Note
Nice and easy trades on monday market gives moves in range and didnt break ay of them,
now for tuesday as current price is $2642 my analysis says that theres a trendline at 2655
the same trendline which gives respect 2 time before but this it may breaks this and reach the level of 2677 - 2671 at this zone price could give us a fake breakout to trap sellers but nowdays sellers are more powerful than buyers so we could consider selling at that point, but the level 2655 doesnt breaks then wait for some rejection and it'll sell again and may breaks the strong buying support.
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