Gold Intraday/Short term charts are developing a pattern head & shoulder that suggest a thing sideways/limited upside view can play its part with support 2890-2885 that can act as thresh hold for bulls/bears. Bears may try to break and open 2846-2841 while bulls like to hold the prices above.
See who would win but I think we may have some sell opportunity around 2942/2947 if failed the counter level to sell would be around 2966/2867.
I am not setting any goal as today and would act accordingly upon testing my calculated support/resistance ranges zones to trade for some quick profits.
Feedback is highly appreciated.
See who would win but I think we may have some sell opportunity around 2942/2947 if failed the counter level to sell would be around 2966/2867.
I am not setting any goal as today and would act accordingly upon testing my calculated support/resistance ranges zones to trade for some quick profits.
Feedback is highly appreciated.
Trade active
Lifeline based support/thresh hold worked and given a bounce to upside, same trending lines are vaild to play ST move.Trade closed manually
Trading mapping worked, fell to 2890/2885 and bounced sharply to 2856 where rejection witnessed that supported a fall towards 2840.Both upside and downside possibility played its part
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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.