GOLD direction prediction and analysis.
Here is my idea by using SNR and SND. (Only fresh break)
Chart Pattern : Possible Head and Shoulder (HNS)
If there is Double bottom formed on H1 for today then HNS is Possible targeting Resistance zone around 1806.00. Which also there is Supply order block.
If the Supply exceed the demand in the zone then the next target possibly back to previous BUY ZONE.
its just my analysis for direction using for scalping and intraday. Make sure to watch lower timeframe such as H1 and M30 for double confirmation on price reversal/rejection.
Hope this would help and wish you have a nice trade day. :D
Chart Pattern : Possible Head and Shoulder (HNS)
If there is Double bottom formed on H1 for today then HNS is Possible targeting Resistance zone around 1806.00. Which also there is Supply order block.
If the Supply exceed the demand in the zone then the next target possibly back to previous BUY ZONE.
its just my analysis for direction using for scalping and intraday. Make sure to watch lower timeframe such as H1 and M30 for double confirmation on price reversal/rejection.
Hope this would help and wish you have a nice trade day. :D
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