Market is open with a big gap of almost 100 pips, we can see there is a FVG in H1 timeframe at the levels 2853 - 2851. Market is ranging near a key resistance levels which previously acted as a strong support.
We have two scenarios there, if market break and close above the resistance zone i.e 2870 - 2872 than it will further move bullish till the next resistance 2881 further above 2887.
If market comes down to fill the gap there is FVG also so market gonna retrace from that point. and if it break and close below FVG than we can see some bullish move till 2839 and 2834
We have two scenarios there, if market break and close above the resistance zone i.e 2870 - 2872 than it will further move bullish till the next resistance 2881 further above 2887.
If market comes down to fill the gap there is FVG also so market gonna retrace from that point. and if it break and close below FVG than we can see some bullish move till 2839 and 2834
Trade active
Gold show a breakout after a multiple retracements now we can go for long setting our TP at 2881. By following this setup we can cover a Good pips in Gold Trade closed manually
No such volume in the market and there is news also on NY session so we closed our trade with capturing 20 30 pips
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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.