Market is bearish but market found a strong support at 1831. on this level will take market further bearish. Wait for several candle and buy in below mentioned zone. If market stayed in range it will give you multiple trades. If it hit sl wait for new call.
Plan A
Buy 1832-36.00 (Buy Zone)
SL: 1828.00
TP1: 1842.00
TP2: 1846.00
TP3: 18552.00
TP4: 18560.00
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Bullish
- Market is over sold and will make a LH
- Gold showed bearish trend in past two weeks which was HL on daily chart
- Gold will be bullish in upcoming week to test 1873 resistance zone.
-long bullish is only possible if it broke 1873
- Market will perform under 1873 and 1818 level in this week
- Gold will make a HL on 4H around 1870
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Plan A
Buy 1832-36.00 (Buy Zone)
SL: 1828.00
TP1: 1842.00
TP2: 1846.00
TP3: 18552.00
TP4: 18560.00
==================================================================
Bullish
- Market is over sold and will make a LH
- Gold showed bearish trend in past two weeks which was HL on daily chart
- Gold will be bullish in upcoming week to test 1873 resistance zone.
-long bullish is only possible if it broke 1873
- Market will perform under 1873 and 1818 level in this week
- Gold will make a HL on 4H around 1870
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Note
TP2 hit.Conditions are same for scalping. only upward break of 1846 or downward break of 1830 can change it.
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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.
Related publications
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.