GOLD NEXT MOVE- ( Live forex education Academy)
Aggiornato
Chart Analysis-
15 Minute time frame- Hammer pattern from 1762
1 Hour time frame- Bullish engulfing pattern
4 Hour time frame- Hammer pattern
weekly time frame- Bullish pattern which is well above previous week's common doji upper wick. and also gold is ready to close above previous week common doji Leg. which suggests the bullish pattern is already set to break 1838,1862 level.
till now trend line of 15 minutes is in continuation and the same has not been broken.
However we can expect the trend may be broken today as @108-1812, there is a fierce resistance for gold to be break.
Commodity channel index showing overbought condition
Also the signal line crossed MACD line, which is showing some selling opportunities if gold breaks 15 chart trendline.
Trading tips:
1. wait for acceptance of 1818 for taking buy
or
2. take a short sell. (which is very much risky)
Sell Gold @ 1809-1810
TP @ 1805
TP@ 1800
TP@ 1792
SL- 1728
***Always close half lot and move SL to entry point after TP1 or move SL to entry point after 30 PIPS in favour.
Any query join our Live forex education academy.
15 Minute time frame- Hammer pattern from 1762
1 Hour time frame- Bullish engulfing pattern
4 Hour time frame- Hammer pattern
weekly time frame- Bullish pattern which is well above previous week's common doji upper wick. and also gold is ready to close above previous week common doji Leg. which suggests the bullish pattern is already set to break 1838,1862 level.
till now trend line of 15 minutes is in continuation and the same has not been broken.
However we can expect the trend may be broken today as @108-1812, there is a fierce resistance for gold to be break.
Commodity channel index showing overbought condition
Also the signal line crossed MACD line, which is showing some selling opportunities if gold breaks 15 chart trendline.
Trading tips:
1. wait for acceptance of 1818 for taking buy
or
2. take a short sell. (which is very much risky)
Sell Gold @ 1809-1810
TP @ 1805
TP@ 1800
TP@ 1792
SL- 1728
***Always close half lot and move SL to entry point after TP1 or move SL to entry point after 30 PIPS in favour.
Any query join our Live forex education academy.
Trade attivo
TP1 +50 PIPS ✅✅🎯✅✅✅ Successfully achieved. Waiting for second target
Trade attivo
TP2 +100 PIPS ✅✅🎯✅✅ achieved.Waiting for third target
Trade chiuso: obiettivo raggiunto
TP3 +180 PIPS ✅✅🎯✅✅ achieved.
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🟡 DISCLAIMER:
Not financial advice.
Educational purposes only.
t.me/tradewithAnupZiddi
🟢CONTACT FOR LEARNING:
t.me/AnupZiddi
🟡 DISCLAIMER:
Not financial advice.
Educational purposes only.
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