GOLD is in signficant resistacne levelHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you think about this pair.
Goldtradingplan
GOLD top-down analysisHi Guys, this is a complete top-down analysis of this pair. I would suggest you keep this pair in your watch list and we will take trade if all the rules of our strategy is satisfied. If you enjoy this analysis, please like, and share with your friends.
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Gold, Trading Plan for a week. Multiframe analysis. In the Monthly, I'm expecting gold will reach to resistance 1800 and have a short deal in here. This deal which i will hold so long for 2-3 years, it can be the longest deal.
In the Weekly chart, After break out triangle pattern, gold has reached to the highest price in the last 8 years. The last week's candle closed with confused of market. So take a look at another timeframe to make a deal.
In the Daily chart, it seems gold has retest the support 1718-1722 that it break out, we will have a deal in this support, a long deal will be take in here. If it is going down through and closed lower than this support, the support will be the resistance and our deal has failed.
Buy limit: 1718-1722
Stoploss: 1710
Takeprofit1: 1752
Takeprofit2: 1800
This deal for swing trader. Remember to pull your stoploss back your entry when the market is right for your deal.
Price action and trendline.
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