GOLD -bias short
Bullish indications:
Making HHHL in day time frame .
Bearish indications:
bearish divergence in day time frame.
4 hr :hS formation made with bearish divergence .
MA 21 is also getting respected.
Current point will be the right point to short as
trend line support broken.
2nd trend line support is also broken.
next target can be 2912
bearish engulfer candle in 15 min but MA is still below the candle but ma 200 respected .
Trade Plan bias short @ 2931.5
SL:2941.2
TP1:2921.5
TP2:2912.5
Making HHHL in day time frame .
Bearish indications:
bearish divergence in day time frame.
4 hr :hS formation made with bearish divergence .
MA 21 is also getting respected.
Current point will be the right point to short as
trend line support broken.
2nd trend line support is also broken.
next target can be 2912
bearish engulfer candle in 15 min but MA is still below the candle but ma 200 respected .
Trade Plan bias short @ 2931.5
SL:2941.2
TP1:2921.5
TP2:2912.5
Trade closed manually
closing the trade as there was fib level 0.5 respected indicates continuation of bullish trend .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.