From the charts, we can see 4 rejections consecutively on the blue dotted lines. So the markets started to show its volumes are exhausted and preparing to start a new trend. Thus, this swing setup is a bit risky but worth a shot.
Any comments regarding this analysis can be written below to exchange our ideas.
Thanks
Gold might test the 2 red line areas before bounce back uptrend and good entry is one of these 2 lines. Any ideas regarding my analysis can be comment below thanks.
From the charts above we can see clearly the price is accumulating its volume in the past 3 days. Moreover, we can see the continuation pattern where the price has no clear sign of bearish wicked (naked chart) clearly in the past 3 days in the trading session. Thus, I recommend buying when the price is still at a lower point and soon hit up to 2000 later.
Thanks.
From the figured of charts, we can see the price was in a bullish trend for a long time, thus the correction will happen when it hit the support line then enter the buying zone and when the price hits below the support line in the period of your retest you can consider it to sell. But on this pair, I strongly suggest buying because of the correction to the market...
