Hello Traders,
Hope you all are doing good!!
As per last analysis, GOLD has moved in a very similar fashion.
Currently GOLD is in correction mode. I expect it to retrace till the mentioned resistance zone before falling again.
The highlighted area is a key level on daily & 4H, also 800MA & 50days MA are falling in the zone along with the heavy volume traded during the last down leg.
We are surely going to see some reaction, however my bias is towards downward move which is in conjuction of overall recent down trend.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Hope you all are doing good!!
As per last analysis, GOLD has moved in a very similar fashion.
Currently GOLD is in correction mode. I expect it to retrace till the mentioned resistance zone before falling again.
The highlighted area is a key level on daily & 4H, also 800MA & 50days MA are falling in the zone along with the heavy volume traded during the last down leg.
We are surely going to see some reaction, however my bias is towards downward move which is in conjuction of overall recent down trend.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Сделка активна:
After rejection around 1874, look for SELL only till 1845 max downwards target as GOLD is looking to go more up before going to break the last low.
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