Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GOLD QUICK UPDATE 📚
👉As we mentioned previously, price is still overall bearish from a medium-term perspective, Meanwhile, we were looking for new longs around our lower bound of this channel, which we caught it as well.
👉 However, we mentioned again, we are still bearish and still interested in new shorts, but we need for the price to be approaching our upper falling trendline to have an edge over the market.
👉Okay! For now and for the bears to kick in, we need a break below the marked major swing low, then a movement lower would be expected, as a trend-following one.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
GOLD QUICK UPDATE 📚
👉As we mentioned previously, price is still overall bearish from a medium-term perspective, Meanwhile, we were looking for new longs around our lower bound of this channel, which we caught it as well.
👉 However, we mentioned again, we are still bearish and still interested in new shorts, but we need for the price to be approaching our upper falling trendline to have an edge over the market.
👉Okay! For now and for the bears to kick in, we need a break below the marked major swing low, then a movement lower would be expected, as a trend-following one.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!