Adding into my buy position if we can get a retest at 1814 then we can probably see gold sit above 1827.8 before end of tommorow
1814 should be a okay support 1812 sl
or gold can lose it can come back down to 1803
According to the higher time frames, there is a falling channel which is a major indication of the bullish trend.
Now it has reached a major support zone, which is the previous lower low of the channel.
According to the lower time frames, there is a ranging market which might give us the go ahead of either a bullish or bearish momentum.
Let us wait for the...
Time Frame: 4H
Symbol: XAUUSD
Entry: 1743.821
TP: 1691.900
SL: 1779.901
Bias: Short
This is obvious that the the pair is tilting down slowly creating a selling atmosphere. Our bias is bearish after a thorough technical and fundamental study. We are looking for shorting opportunity.
According to m y analysis the H1 is on a key level of resistance which I strongly believe will hold thus creating room for bears to run their business before the bulls take over the rally.
According to my personal analysis
Gold reaches the specified limits and I expect to climb to the specified targets
Male write to me about this analysis?
