CFDs on Gold (US$ / OZ)
Short
Updated

Gold Sell Analysis

114
Market is bullish fundamentally and technically but the 3380 position an area where retracement is possible. Once Market drops below the 3350 position and h1 or h4 candles gets closed below this position then market will enter the correction phase and can reach 3300 today.

My trading position is 3380 and the targets are divided according to the momentum of the market. First target is 3350 and if i achieve this target i will wait for the second target 3320 and 3300. So the important thing here is that market breaks the 3350.

Entry 3380

Target 3350, 3320, 3300

I will reconsider my analysis and update it if market closes above 3400 and remain stable. but if i see high liquidity at that position then i will stick to my plan.
Trade active
Market dropped as i expected but it did work the way i analysed it. Due to the new updates in the market i need to reconsider my analysis and update it.
Trade closed manually
need to update the analysis

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