Gold (Trapped Bear) Sharp wedge!
Hi Traders,
Is Bears are Trapped in Gold?
Yes;
you can see above chart market placed one Lower High and two Higher Low.
Last week market creates Double Top and also creates Double Bottom on friday.
USA and China Escalation Starts again.It indicates that bears
are totally Trapped now and Bulls are fully active.
So Whats Next?
Buy Gold at C.P or after little retracement at $1686 Level.
If it breaks Pivot Point $1697 than Market Enters into Bullish bias.
Levels will be $1713, $1727, $1736, $1748 and $1800 on Radar!
Stop should be Strict $1676.
Every system has a limitation.
Good luck!
Is Bears are Trapped in Gold?
Yes;
you can see above chart market placed one Lower High and two Higher Low.
Last week market creates Double Top and also creates Double Bottom on friday.
USA and China Escalation Starts again.It indicates that bears
are totally Trapped now and Bulls are fully active.
So Whats Next?
Buy Gold at C.P or after little retracement at $1686 Level.
If it breaks Pivot Point $1697 than Market Enters into Bullish bias.
Levels will be $1713, $1727, $1736, $1748 and $1800 on Radar!
Stop should be Strict $1676.
Every system has a limitation.
Good luck!
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