hey guys...
As you can see in the picture, we see a bearish structure in gold. Because a character change has occurred and LL is formed, and after that a new LL is formed, which means the structure is broken. which is shown in the picture with the symbol CHOCH and BOS. So we have to look for the right range to sell.
The first resistance range is on the way from 1950 to 1955, but in my opinion, gold should gather liquidity behind this range. So, the main drop will not be from this area, or rather, selling in this area is high risk and it is not my choice.
In my opinion, the suitable range for sell would be 1965 to 1970, which can drop the price first to 1939 and then to the range of 1902 to 1918.
We will see support in these two ranges. Later, we will update this analysis for buy positions.
Be careful. you have to see the triggers before opening the positions.
As you can see in the picture, we see a bearish structure in gold. Because a character change has occurred and LL is formed, and after that a new LL is formed, which means the structure is broken. which is shown in the picture with the symbol CHOCH and BOS. So we have to look for the right range to sell.
The first resistance range is on the way from 1950 to 1955, but in my opinion, gold should gather liquidity behind this range. So, the main drop will not be from this area, or rather, selling in this area is high risk and it is not my choice.
In my opinion, the suitable range for sell would be 1965 to 1970, which can drop the price first to 1939 and then to the range of 1902 to 1918.
We will see support in these two ranges. Later, we will update this analysis for buy positions.
Be careful. you have to see the triggers before opening the positions.