Gold Setup H1 Time Frame | CPI Data News
Hey Traders ❗️
Welcome back hope you're doing well
This is our 5 analysis on Gold Setup
These idea not based on sell or buy
Its based on #Levels and prediction
On this Setup we catched more then 700 #pips
As you guys seem #Gold currnet point at 2033.65
We draw the two circles at 2040 and draw the line at 2047.00...
Support & Resistance Levels:
Resistance levels:
R1:2054
R2:2078
R3:2098
R4:2109
Support Levels:
S1:2036
S2:2021
S3:2010
S4:1995
Risk : Low/ Moderate ( first 2 range )/ High Risk ( last two range )
ROI Expected: 10-15% in 2 days of trading.
Strategy: Targeting Partial Bookings- Book trades in Net average profit by the end of day - No Multiple Trades.
Trade in...
After recovering from the retracement, MCX:GOLD1! is headed towards the trendline resistance. With equities facing some headwings globally, gold might be in focus from a swing/positional pov. Closely monitoring as I'd booked profits approx at current levels a couple of weeks ago. With the 50 weekly MA also approaching soon (48900 levels) it will be interesting...
