GOLD NEXT MOVE (correction continued) (26-07-2024)

Updated
Go through the analysis carefully, and do trade accordingly.

Anup 'BIAS for the day (26-07-2024)
Current price- 2372
"if Price stay above 2360, then next target is 2382 and 2392 and below that 2350 .

-POSSIBILITY-1
Wait (as geopolitical situation are worsening )

-POSSIBILITY-2
Wait (as geopolitical situation are worsening)



Best of luck
Never risk more than 1% of principal to follow any position.
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Trade active
TIP-
if you are following P&L as suggested in chart,
you should always book 50% lot size and move SL to entry-level, once the position moves in 50-60 PIPS IN PROFIT
The current buying is also running +70 PIPS IN PROFIT
snapshot
Trade active
BIAS 1ST TARGET HIT +100 PIPS (with clear P&L)

snapshot
Trade active
OUR BUY POSITION IS RUNNING +180 PIPS IN PROFIT
(IT IS NEAR TO OUR BIAS TARGET-2)
snapshot
Trade closed: target reached
Price almost hit our buying target 190 PIPS (2372-2391)
Here we should book our 90% and leave 10% running after moving SL to entry.
snapshot
Note
As I told you to book you almost full target @2391 area,
Today we have seen full day gold rejected from 2395-2000 zone
I also guide you to take short entry if price failed to break 2400 area,
look at the 4H chart, where 2392-2398 has decent resistance zone.
finally price rejected and now the short entry is running +250 PIPS (2395-2370)
snapshot
Trade closed: target reached
target reached
huge profit made in this trade.
Technical Indicators

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