Gold Analysis and Trade Idea for 13-10-2022
Plan A
Gold is test to 1664 Support level
Long Gold: 1666-1670 (Buy Zone)
SL: 1662.00
TP1: 1678.00
TP2: 1684.00
TP3: 1690.00
TP4: 1699.00
Bullish
- Market is overall in bearish run and over sold
- Gold at HL level
- 4H candle hit the moving average and can go up again
- Gold test 1660 Support Level
======================================================
Plan B
Sell Stop: 1659.00
SL: 1681.00
TP1: 1654.00
TP2: 1646.00
TP3: 1642.00
Bearish
- Gold hit 1729, 3 weeks high
- Previous 4H candle formation was bearish
- Gold is overbought
- Strong Support 1660 (if broke gold will hit low up-to 1642)
Gold is test to 1664 Support level
Long Gold: 1666-1670 (Buy Zone)
SL: 1662.00
TP1: 1678.00
TP2: 1684.00
TP3: 1690.00
TP4: 1699.00
Bullish
- Market is overall in bearish run and over sold
- Gold at HL level
- 4H candle hit the moving average and can go up again
- Gold test 1660 Support Level
======================================================
Plan B
Sell Stop: 1659.00
SL: 1681.00
TP1: 1654.00
TP2: 1646.00
TP3: 1642.00
Bearish
- Gold hit 1729, 3 weeks high
- Previous 4H candle formation was bearish
- Gold is overbought
- Strong Support 1660 (if broke gold will hit low up-to 1642)
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