My expectations remain the same and I will still choose to enter long orders in 1995. Of course, I will not buy limit entry and need to observe the price behavior. Anyway, I am inclined to go up.
M30 is still in a downtrend. The trend changes to up only if the price breaks upwards through 2002. However, with H4, the price is clearly supported and recognized by the market. So, my conclusion is that gold will eventually rise and the fall is only temporary. Of course, this is just my idea, still need to pay attention to trading risks.
I forgot to post my chart earlier. Look how buyers and sellers are hold our yesterday expected reversing zones
My earlier M5 chart - SHORT SELL. But the price correction is spotted and LONG BUY.
NSE:BANKNIFTY I go LONG BUY as there is Hammer candlestick as the last candlestick.
I start the first thing to do when the Asian market opens. I go short on XAUUSD.
Expecting to go South from here or a bit higher. Of course one needs to be wary of false breakouts.