GOLD NEXT MOVE (expecting a bearish move) (09-10-2024)

Updated
Go through the analysis carefully and do trade accordingly.

Anup 'BIAS for the day (09-10-2024)

Current price- 2618

"if Price stays below 2632, then next target is 2606 and 2585 and above that 2640".


-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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Corrigendum-
if price stay below 2632 may be read as if the price stay below 2635
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GOLD hit the best selling area near 2622-24.
Hence, a sell triggered @2622
now the sell position is running +140 pips in profit (2622-2608)
snapshot
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now the sell position is running +170 pips in profit (2622-2605)
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price again tried to hit the best selling area but rejected from immediate resistance zone (2628-2620)
then again sell position is running
snapshot
Note
above may please be read as (2618-2620)
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this analysis is valid for today also
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this analysis again hit the perfect selling area 2628-2630.
hence a sell position again activates
this sell position gave us +100 PIPS PROFIT (2628-2618)
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Will update it completely
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