GOLD NEXT MOVE (Liquidity may be on target) (14-08-2024)

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

Anup 'BIAS for the day (14-08-2024)
Current price- 2473
"if Price stays above 2458, then next target is 2483 and 2500 and below that 2448 .

-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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Today CPI report favour our analysis
But
Market moved in +100 favour to our analysis but couldn't break the resistance
And our entry closed at break-even.
Our analysis does not meet the target 2383 because gold moved down sharply.
Trade closed manually
trade closed manually.
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IMMEDIATE SUPPORT- 2450-2454
IMMEIDATE RESISTANCE- 2460-2465

Break-our of support, if first,
then next target will be 2440 followed by 2432
Break-out of resistance,
then next target will be 2475 followed by 2485
Trade active
resistance has been broken by the price.
and price hit 1st target +100 PIPS PROFIT (2465-2475)
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Price hit 2nd target +200 PIPS PROFIT (2465-2485).
Analysis went against us.
But we Made profit by giving you levels
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POTENIAL RESISTANCE- 2520-2525
POTENTIAL SUPPORT- 2477-2483
SWING RANGE IF SUPPORT BROEKN 2460-2465
Trade closed: target reached
partial profit done
Chart Patterns

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