GOLD BEAST MODE

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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GOLD BEAST MODE. 📚

👉As we can see price is still overall bullish trading inside this channel, especially after breaking above our previous neckline major highs.

👉Meanwhile, and for now we are sitting around our upper bound of this channel acting as an over-bought zone, as the price is respecting our upper bound quite good, Where we can expect a correction movement, Moreover, we do have a nice-looking demand zone, where we can start looking for new longs from a short-term perspective on lower time frame.

👉Unless price managed to break below our demand zone, and traded again lower, till 2200-2160, Then we will be looking for new longs as a trend-following buy setups on lower time frame, as the price will be sitting around a new demand zone, lining up with our rising trendline.

👉2 scenario: price can still trade higher in a flat move to be approaching our massive psychological level 2500, lining up with our upper bound of this channel, where we will be interested in looking for new shorts as a correction movement.

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and as usual follow your trading plan and manage your risk.

Be patient and good luck!