ASDA | GOLD
Gold is hanging around 2360/2316 in a bearish trend line in 4h time frame.
As I mentioned typically we have bullish trend line in monthly, weekly and daily which basically we can see a TR either.
By the way 2316 and 2321 is acting as supports zone that we can expect many pending orders which can cause upwards ternd lines.
So in general as we are in bullish side in upper time frames every low is chance for buy but in 4H time line as we have bearish movements we need confirmation or signal bars for getting into position.
Based on your strategy use the opinion and be careful in 2360 zone which will act as resistance.
Share your opinion in comments.
As I mentioned typically we have bullish trend line in monthly, weekly and daily which basically we can see a TR either.
By the way 2316 and 2321 is acting as supports zone that we can expect many pending orders which can cause upwards ternd lines.
So in general as we are in bullish side in upper time frames every low is chance for buy but in 4H time line as we have bearish movements we need confirmation or signal bars for getting into position.
Based on your strategy use the opinion and be careful in 2360 zone which will act as resistance.
Share your opinion in comments.
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