Bullish
- Market is in one day bull trnd and will make a LH
- Gold showed bearish trend from past 4 weeks and bearish trend is still continue until gold breaks 1817-20 Resistance zone
- Gold is facing psychological Support at 1800 which it will test in this week so Support zone is 1800-1806 in this zone gold can bounce back. and keep testing 1817-1820 Resistance zone.
- Long reversal trend is only possible if gold breaks 1820 level or above yellow doted line.
- On other Hand Dxy is getting stronger which will push gold up and give bulls a chance to jump into the market.
- Gold has made a LL on 4H around 1806.70 and can move up for today to make LH
Till this situation continous I'll wait for best move by selling in resistance zone 1817-1820 and buying in buy zone.
--Happy Trading | @patientwolff @xeshaan
- Market is in one day bull trnd and will make a LH
- Gold showed bearish trend from past 4 weeks and bearish trend is still continue until gold breaks 1817-20 Resistance zone
- Gold is facing psychological Support at 1800 which it will test in this week so Support zone is 1800-1806 in this zone gold can bounce back. and keep testing 1817-1820 Resistance zone.
- Long reversal trend is only possible if gold breaks 1820 level or above yellow doted line.
- On other Hand Dxy is getting stronger which will push gold up and give bulls a chance to jump into the market.
- Gold has made a LL on 4H around 1806.70 and can move up for today to make LH
Till this situation continous I'll wait for best move by selling in resistance zone 1817-1820 and buying in buy zone.
--Happy Trading | @patientwolff @xeshaan