TIME FOR GOLD
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 STILL AROUND A CRITICAL ZONE.
As we can see price is still sitting around a massive resistance zone and we are still looking for new bearish movements.
Meanwhile, from a medium-term perspective, price is still overall bullish making clean higher highs and higher lows.
Moreover, for the bears to kick in and prove control, we need a momentum candle close below our marked reversal pattern Head & shoulders,
If that happens, then a movement lower would be expected, and as usual 1-2 risk to reward ratio from a risk management perspective.
Until that happens, price is still overall bullish and price can still trade higher.
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 STILL AROUND A CRITICAL ZONE.
As we can see price is still sitting around a massive resistance zone and we are still looking for new bearish movements.
Meanwhile, from a medium-term perspective, price is still overall bullish making clean higher highs and higher lows.
Moreover, for the bears to kick in and prove control, we need a momentum candle close below our marked reversal pattern Head & shoulders,
If that happens, then a movement lower would be expected, and as usual 1-2 risk to reward ratio from a risk management perspective.
Until that happens, price is still overall bullish and price can still trade higher.
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
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