Hello Traders,
Hope you all are doing good!!
Talking about GOLD, Currently we are not in a position to predict any big move but ofcourse we can see a small move coming.
And as we all know, GOLD can give big profits inn small mmoves also.
I am here predicting GOLD to go a little bit down before defining any further moves.
Reasons:
1) It is touching double resistance; the trend line & the horizontal resistance.
2) The divergence can be seen in different time frames. I have drawn in 4H for instance.
3) Pivot of this week likely to be around 1730 area & as we know the pivots acts like magnets for prices. So it is highly possible for price to go there first before moving any further sides.
4) The below trend line of the triangle is around 1730 area which might act as support.
5) The fib ratio of 23.6 is around 1730 area.
Please follow, like and comment if you like my analysis.
Disclaimer: This is just my trading idea. Please do your own analysis before opening any position.
Hope you all are doing good!!
Talking about GOLD, Currently we are not in a position to predict any big move but ofcourse we can see a small move coming.
And as we all know, GOLD can give big profits inn small mmoves also.
I am here predicting GOLD to go a little bit down before defining any further moves.
Reasons:
1) It is touching double resistance; the trend line & the horizontal resistance.
2) The divergence can be seen in different time frames. I have drawn in 4H for instance.
3) Pivot of this week likely to be around 1730 area & as we know the pivots acts like magnets for prices. So it is highly possible for price to go there first before moving any further sides.
4) The below trend line of the triangle is around 1730 area which might act as support.
5) The fib ratio of 23.6 is around 1730 area.
Please follow, like and comment if you like my analysis.
Disclaimer: This is just my trading idea. Please do your own analysis before opening any position.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
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.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
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.