Gold found strong buying from value zone $2302-$2293 which aligned well with ascending trendline tallying with $2287-$2293 and rebound reached $2332
There is a growing possibility of some pull back towards $2316-$2312 or further down to breakout zone $2305-$2302 where enough FVG is available till base at $2293
This scenario should be followed with stops below $2285 to avoid traps.
If scenario works as per plan, expect rewards going up to $2337-$2340 and extend to $2349-$2353
Disclaimer: This analysis is price action based and does not claim to be a trading advice.
There is a growing possibility of some pull back towards $2316-$2312 or further down to breakout zone $2305-$2302 where enough FVG is available till base at $2293
This scenario should be followed with stops below $2285 to avoid traps.
If scenario works as per plan, expect rewards going up to $2337-$2340 and extend to $2349-$2353
Disclaimer: This analysis is price action based and does not claim to be a trading advice.
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.
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.