Hello Traders!
As we know that gold is trading in two ascending channel, one is internal and 2nd is external and following trend every time like this impulsive move till upper trendline of external channel and retest move till down trendline of internal channel according to this trend next move would be 3016.
there was a FVG and Order Block in H1 thats the reason for yesterday move still gold is in bullish trend.
Resistance: 2924
Support: 2908
i am bullish till 3016 because its also a target of weekly bullish flag which i have already posted in ideas section you can check in related post
Regards: PipsOptimizer
As we know that gold is trading in two ascending channel, one is internal and 2nd is external and following trend every time like this impulsive move till upper trendline of external channel and retest move till down trendline of internal channel according to this trend next move would be 3016.
there was a FVG and Order Block in H1 thats the reason for yesterday move still gold is in bullish trend.
Resistance: 2924
Support: 2908
i am bullish till 3016 because its also a target of weekly bullish flag which i have already posted in ideas section you can check in related post
Regards: PipsOptimizer
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Related publications
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.