If you are holding shorts positions on gold, these levels could be potential target levels. I also suggest keeping stop loss dynamic and close the deal with loss if we get a candle close above the red line. And if you are holding long position for a target price higher than the last high, 2477-2487 could be your potential target
I believe we would continue going higher during the start of next week until we get to the first sell zone and may start to go down again or even go higher and reach the second sell zone and then go down. We have 2 extreme scenarios as well, one bullish and one bearish: Bullish set up is that we break above red line then we would go for the highest red box as long...
I believe this pair is in a pullback in daily timeframe and im bullish, however i dont think real buyers show up until we get to the daily zone Thats why we have been seeing 4 legs down and 3 legs up all the time since the end of December 2023, therefore I believe we will continue this pattern of 4 legs down and 3 legs up until we get to the daily zone. So if you...