structure bases , While taking trades read P.A
Price reached a strong daily resistance structure. It formed double top formation on 1H chart and RSI shows the pair is way overbought. We could expect it to drop. Time Frame 4H Chart Best entry around 1.9940 Take Profit 1: 1.9890 Take Profit 2: 1.9800 Take Profit 3: 1.9700 Stop Loss 2.0000
Gold (XAUUSD, $1,795) is likely to break a 6-week dashed support level standing at $1,790 - 1,795 before July 29. The breakdown could take gold till $1,770 level, following which it should quickly recover. This should be the final sell-off prior to a next major rally!
1778-83 Approaching Bulls tried hard to take the price back to 1818-23 zone as last two candles from today of D1 closed as hammers, I didn't bring this to notice because they were in bear line. However this current candle has ended as evening/shooting star in bear line and this condition indicates that price is going towards 1778-83 zone. A continuous declining...