Gold Possible Down (H&S)
Updated
I am expecting Gold to go down now based on the chart I've drawn -
TP1: 1488.54
TP2: 1485.07
TP3: 1479.43 (risky but you can take a chance)
(After TP1 Hit you can close the trade or wait for TP2 to hit or TP3 hit)
Timeline valid: End of this week
Fundamental Reasons:
- Gold failed to go up even after US rate cut and Bad US data.
Other Reasons:
- Lots of people are trapped who put Buy at 1495 level and Sell at 1484 level. So my TP1 should hit. TP2 also has 70% possibility to hit. TP3 depends on many factors. but can take a chance
TP1: 1488.54
TP2: 1485.07
TP3: 1479.43 (risky but you can take a chance)
(After TP1 Hit you can close the trade or wait for TP2 to hit or TP3 hit)
Timeline valid: End of this week
Fundamental Reasons:
- Gold failed to go up even after US rate cut and Bad US data.
Other Reasons:
- Lots of people are trapped who put Buy at 1495 level and Sell at 1484 level. So my TP1 should hit. TP2 also has 70% possibility to hit. TP3 depends on many factors. but can take a chance
Trade closed: target reached
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