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
gold was in clear range from 2467.70 to 2462 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 2467 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:
2455.50
BULLISH TARGETS:
2475
2480
Hope you all are doing well
please check out the update on gold for now there are two scenarios let discuss the first one
gold was in clear range from 2467.70 to 2462 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 2467 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:
2455.50
BULLISH TARGETS:
2475
2480
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.