As per our last analysis gold rejection is witnessed from suggested level 2782/2790.xx range exactly to the low of 2765 - 2740 range with low 2750.xx from where strong bounce is witnessed that suggested gold may continue its potential upside momentum or go sideways within range of 2740 - 2790.
By watching previous trend, we may assume that upside to 2782 - 2790 is likely to be tested by falling to 2751 to 2740 or by continuing upside momentum that is developed during EURO session today.
My Goal is 2782 - 2790 now.
By watching previous trend, we may assume that upside to 2782 - 2790 is likely to be tested by falling to 2751 to 2740 or by continuing upside momentum that is developed during EURO session today.
My Goal is 2782 - 2790 now.
Trade active
2740 reached - let see what next move would beAre you buying or selling??
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Trade closed: target reached
Gold witnessed a fall towards 2740 - 2733 that is where we marked the support and bounce was suggested that happened as well till 2766. Considered half target is reached with 320+ pips profit. Time to close or manage risk and follow next analysis once publish.Note
Target 2782 - 2790 is done.
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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.