Hello Friends,
Here i go on Analyzing GOLD once again after the yesterday bulls & then completely rejects which seem to be closed on having great tail in D1. So here we've a zone area having complete support at @1790s approx & the resistance which ending up-to this correction zone is @1830s. As we know correction area in which market stays for a while & hitting support & resistance. So in this correction the current rejections happen yesterday made it sure the bulls controls got ended which definitely lead the market to support area. Also Gold has hit resistance twice & once more it can be possible it'll go to hit the resistance but the target after third hit of bulls will be towards support which bears will perform. So the area for bear to happen is @1817-@1807 & target till @1796-@1790s, above that area bulls can hit resistance.
I HOPE YOU'VE GOT SOME POINT OF VIEW ON HOW TO TRADE GOLD FOR NEXT MOVE.
Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU!
P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
Here i go on Analyzing GOLD once again after the yesterday bulls & then completely rejects which seem to be closed on having great tail in D1. So here we've a zone area having complete support at @1790s approx & the resistance which ending up-to this correction zone is @1830s. As we know correction area in which market stays for a while & hitting support & resistance. So in this correction the current rejections happen yesterday made it sure the bulls controls got ended which definitely lead the market to support area. Also Gold has hit resistance twice & once more it can be possible it'll go to hit the resistance but the target after third hit of bulls will be towards support which bears will perform. So the area for bear to happen is @1817-@1807 & target till @1796-@1790s, above that area bulls can hit resistance.
I HOPE YOU'VE GOT SOME POINT OF VIEW ON HOW TO TRADE GOLD FOR NEXT MOVE.
Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU!
P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
