Hey everyone this is Nathima,
Hope you all are doing well
please check out the update on gold for now there are two scenarios let discuss the first one
Frist things first lets discuss what happened on friday so on friday gold was bullish all the way in asian, london session and in NY it swept the liquidity resting below the london and asian lows then it went in consolidation untill the market closed
Then gold was in clear range from 2430 to 2428 but it break above the consolidation zone and closed
Scenario 1: Now gold broke above the resistance today when the market will open i am seeing a retest to the broken resistance and if the price will make a sort of support at 2430 like a m30 candle if the next candle wick down first then start sweep the high of the prev candle we can anticipate a bullish move towards the upside till the highs that price created on friday
Scenario 2: If gold comes back in the NO TRADING RANGE and close below the raange like a m30 candle close below the support and very next candle first start to wick up and then sweep the low of the closed candle we can anticipate a bearish move to the downside till our next targets
BEARISH TARGETS:
2425
2421
BULLISH TARGETS:
2437
Hope you all are doing well
please check out the update on gold for now there are two scenarios let discuss the first one
Frist things first lets discuss what happened on friday so on friday gold was bullish all the way in asian, london session and in NY it swept the liquidity resting below the london and asian lows then it went in consolidation untill the market closed
Then gold was in clear range from 2430 to 2428 but it break above the consolidation zone and closed
Scenario 1: Now gold broke above the resistance today when the market will open i am seeing a retest to the broken resistance and if the price will make a sort of support at 2430 like a m30 candle if the next candle wick down first then start sweep the high of the prev candle we can anticipate a bullish move towards the upside till the highs that price created on friday
Scenario 2: If gold comes back in the NO TRADING RANGE and close below the raange like a m30 candle close below the support and very next candle first start to wick up and then sweep the low of the closed candle we can anticipate a bearish move to the downside till our next targets
BEARISH TARGETS:
2425
2421
BULLISH TARGETS:
2437
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.
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.