GOLD Forecast for OCT W1
I predicted Gold will continue its uptrend towards daily resistance before making decision either to break the resistance or dive after testing the it.
But this week NFP will be out so most probably strong sideways zone will be made before any market decision. Just be careful and monitor both technical and fundamental analysis.
Either way, please monitor the zone given and see the price action.
RED= Daily SNR
YELLOW= H4 Zone
Trendline= H1
TRADING PLAN
Zone is for FM with confirmation for scalping with 20-30 pips TP. If hold close some of the order and set BE for zero risk for intraday position.
SL from any zone is 20pips.
Trade with confirmation.
I will update once the trade is active guys.
But this week NFP will be out so most probably strong sideways zone will be made before any market decision. Just be careful and monitor both technical and fundamental analysis.
Either way, please monitor the zone given and see the price action.
RED= Daily SNR
YELLOW= H4 Zone
Trendline= H1
TRADING PLAN
Zone is for FM with confirmation for scalping with 20-30 pips TP. If hold close some of the order and set BE for zero risk for intraday position.
SL from any zone is 20pips.
Trade with confirmation.
I will update once the trade is active guys.
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