Hello everybody and welcome to my gold Analysis 👋🏻
We know that gold is in a principal bullish trend. This week it created a small bearish trend on 1H chart and touched the 1790 zone. Now I will use my number one rule of trading and this is “ BE PATIENT “. If price will break the 1790 zone, I think it will find support at 1780 zone. If the 1790 zone will be resistant enough,I will open a long position.
This is only my opinion, before investing make your own analysis and always use SL and tp.
Don’t be afraid of opening positions, be always PATIENT!
We know that gold is in a principal bullish trend. This week it created a small bearish trend on 1H chart and touched the 1790 zone. Now I will use my number one rule of trading and this is “ BE PATIENT “. If price will break the 1790 zone, I think it will find support at 1780 zone. If the 1790 zone will be resistant enough,I will open a long position.
This is only my opinion, before investing make your own analysis and always use SL and tp.
Don’t be afraid of opening positions, be always PATIENT!