After structure breakdown and low volume towards up, clearly showing in picture that market will fall further after Retracement 0.618 level on my chart.
Looking for retest at 4hr chart. Monthly chart is also beraish. Month is about to end. This week is very important due to Fed Policy statement.
Follow the rejection areas and try to trade with using candlestick patterns. Simply price action.
GOLD has bullish move on Last Friday, This week it has retrace to 1782 Support Level and the move up, Fundamentally USD is weak and there is nice chance for Gold Bullish Move. Technically i am following my trend line & Support confirmation. Hope you guyz liked the Idea. Please share and like. Thanks
If you like my idea then share & Like - I will keep posted my GOLD charts updates First of all if we look at DXY chart it close above 90.700 which means it will go upto 92.100 where next resistance level. In this scenario GOLD will drop to its next support 1770 because Dollar is strong after long time and it become strong for sometime.
On Monday price seems to be rejected and provide us opportunity to trade bearish. Please support and like the idea if you feel informative for you. Thanks
Due to pandemic situation price will reject from resistance level and retest 1.3200 support level. My idea is that price reject and go down on Monday. Please support & Like if you feel informative