Which way GOLD will go ??
Although we don't have a proper price of MCX GOLD in trading view, but the charting structure is sufficient to analyse the current market structure of it .
if we look at last two months of gold , September was full of amazing sell-off with the long consolidation of October month , which looks like at it its completion .
consolidation zones: Support- around 37800 zones and Resistance- around 38600 zones.
whichever way the consolidation breaks-out its going to be a good trading opportunity, so currently its time for wait and use the non-trending trading strategies for gold and just wait for break out.
so lets just try to follow and be with the market instead of beating it , so its better if we just wait for the proper confirmation that which side the gold is going to trend now.
if we look at last two months of gold , September was full of amazing sell-off with the long consolidation of October month , which looks like at it its completion .
consolidation zones: Support- around 37800 zones and Resistance- around 38600 zones.
whichever way the consolidation breaks-out its going to be a good trading opportunity, so currently its time for wait and use the non-trending trading strategies for gold and just wait for break out.
so lets just try to follow and be with the market instead of beating it , so its better if we just wait for the proper confirmation that which side the gold is going to trend now.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.