GOLD NEXT STEP!
Updated
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.
WHAT'S NEXT FOR GOLD, BEARISH CORRECTION MOVEMENT
As we clearly see price is trading inside this clean bullish channel
However, price is approaching a strong resistance zone and around the upper bound of the channel
Moreover, and for the bearish correction to start we need a break below the marked swing low
Then a further movement lower would be expected till the lower rising trendline, where we can start searching for a trend following buy setups as well
Until that happens, we can still dive higher 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.
WHAT'S NEXT FOR GOLD, BEARISH CORRECTION MOVEMENT
As we clearly see price is trading inside this clean bullish channel
However, price is approaching a strong resistance zone and around the upper bound of the channel
Moreover, and for the bearish correction to start we need a break below the marked swing low
Then a further movement lower would be expected till the lower rising trendline, where we can start searching for a trend following buy setups as well
Until that happens, we can still dive higher 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!
Note
Glad to meet you there: t.me/Snipers_F_x
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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