Gold Next moveTimeframe :
D1 trendline broke + SBR
H4 Trendline + Bearish eng
H1 Trendline
D1 trendline has broken the trendline and support area so now its became, support become resistance (SBR), H4 has bearish engulfing at the trendline, H1 the trendline.
Entry:
Entry according to H1 TF, entry point is 2627.72 at the trendline.
Stop loss above the trendline 2638.70 and Target is previous low 2585.70
Jointelegramchannel
GOLD IS READY TO FALL As I expect, that gold will fall when it reaches at the area of SBR, which is in D1 Timeframe and H4 Trendline area.
We have seen that gold has fall since last two weeks, and flown from the level of support of Little Timeframe.
As you can see that, sometimes gold fall and sometimes gold fly but it follows the scalping setups right?
lets talk about my idea, there is a SBR in D1 Timeframe and there is a area of trendline in H1,H4 Timeframe. H4 has Bearish Eng and has failed bullish Eng in H1 and H4 Timeframe.
ENTRY POINT : 2632 at the area of failed Eng.
STOPLOSS : 2651 and Target is 2585.
Don't forget to use stop loss on your trades.
stay tune for update, don't forget to share your idea on this post.