GOLD H1 Timeframe Analysis - Bullish Or Bearish Pair Name = Gold
Timeframe =H1
Analysis = technical + fundamentals
Trend = Bullish
Support Levels = 2514, 2508, 2504
Resistance Level =2523, 2529, 2445
Explanation : -
Gold Moving As predicted Yesterday. Still getting Good Volume and On the way To Our main Target 2550. But always Secret of the market is buy the dips and sell tops. So if you are sure market is bullish or bearish, the main and important thing in the life the trader is perfect entry with proper Risk Management. One more thing I wanna discuss before the details explanation about the GOLD today Move. Maximum traders fails because they don't use Risk Management formula in trading.
Here I wanna Explain the Gold Next Move. Gold Dips can Touch The Price levels 2514, 2508, 2504 .These are the key points for the bearish move. In bullish Move Key Levels are 2523, 2529, 2445
In bullish Move Gold Will Target These Points. Now Currently Price is above the EMA 50 that indicates the bullish trend. But bullish trend will be confirm If price will cross EMA5.
