Traders, Gold had a great breakout. After hitting few of our bullish targets, it is now sitting at an FCP zone and 1900 round number which can create a short opportunity. In fact nearly all upwards moves on gold at the moment can bring us good short opportunities too. The horizontal lines and zones are potential targets areas and support/resistance. So make sure you manage your positions around them. A deeper analysis is available on the channel. Although gold can fall any time for a correction next week, 1910 still looks like a good level to watch out for a confirmation on a short position. There are several liquidity areas available on gold which market can hit with a swift move so a fall to lower levels can not be ruled out.
Trade what you see and ignore any hypes. Stay objective.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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