NEXT MOVE 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, as we mentioned last time when we were around a resistance, we were waiting for the bears to take over by breaking below the marked low right!
Then we traded lower
So for now, we are retesting the resistance zone speculating a new bearish movement as before
For now, price is trading inside this channel and approaching our resistance zone
For the bears to kick in we need a new swing low to form around the trendline then a break
Until that happens, we can still trade higher and higher before reversal
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, as we mentioned last time when we were around a resistance, we were waiting for the bears to take over by breaking below the marked low right!
Then we traded lower
So for now, we are retesting the resistance zone speculating a new bearish movement as before
For now, price is trading inside this channel and approaching our resistance zone
For the bears to kick in we need a new swing low to form around the trendline then a break
Until that happens, we can still trade higher and higher before reversal
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Note
t.me/Snipers_F_x
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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.
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.