Gold Analysis and Trade Idea for 22-Feb-2023 2nd idea

22 feb 2023

Market is bearish but market found a strong support at 1831. on this level will take market further bearish. Wait for several candle and buy in below mentioned zone. If market stayed in range it will give you multiple trades. If it hit sl wait for new call.


Plan A
Buy 1832-36.00 (Buy Zone)
SL: 1828.00
TP1: 1842.00
TP2: 1846.00
TP3: 18552.00
TP4: 18560.00

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Bullish
- Market is over sold and will make a LH
- Gold showed bearish trend in past two weeks which was HL on daily chart
- Gold will be bullish in upcoming week to test 1873 resistance zone.
-long bullish is only possible if it broke 1873
- Market will perform under 1873 and 1818 level in this week
- Gold will make a HL on 4H around 1870
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22 feb 2023

Nota

TP2 hit.

Conditions are same for scalping. only upward break of 1846 or downward break of 1830 can change it.