GOLD APPROACHED A MASSIVE ZONE
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 in the previous video analysis, price is still overall clearly bearish trading inside this falling channel.
However, price is sitting around a massive zone why?
Price is around a strong fresh demand zone lining up with a strong support zone adding on price is sitting around our lower bound of this falling channel acting as an over-sold zone.
Where we will be looking for new bullish correction movement, How?
By going into lower time frame and wait for any bullish reversal pattern like a trendline break or double bottom,
Until that happens price is still overall bearish, and price can still dive more before reversal.
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 in the previous video analysis, price is still overall clearly bearish trading inside this falling channel.
However, price is sitting around a massive zone why?
Price is around a strong fresh demand zone lining up with a strong support zone adding on price is sitting around our lower bound of this falling channel acting as an over-sold zone.
Where we will be looking for new bullish correction movement, How?
By going into lower time frame and wait for any bullish reversal pattern like a trendline break or double bottom,
Until that happens price is still overall bearish, and price can still dive more before reversal.
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!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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.