Gold: Gold is trending downwards. Interest rates fears & strong Dollar index keeping Gold pressured and causing its meltdown. Dollar index in Bullish trend it will increase pressure on the gold in upcoming period.
Gold Price is under ICHIMOKU CLOUD, moving in descending triangle, Under key Moving averages. I will look for sell entries upon confirmed setups.
Key Resistance area i will be watching is 1905-1907 ( 200 SMA- 200 EMA -Daily) Where a quality sell setup can be delivered.
My Target for this week (till Friday) are 1882-1865-1815.
Good Luck for you trades. And Do comment on the idea and odds
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This is an analysis for educational purpose not investment advice
Gold Price is under ICHIMOKU CLOUD, moving in descending triangle, Under key Moving averages. I will look for sell entries upon confirmed setups.
Key Resistance area i will be watching is 1905-1907 ( 200 SMA- 200 EMA -Daily) Where a quality sell setup can be delivered.
My Target for this week (till Friday) are 1882-1865-1815.
Good Luck for you trades. And Do comment on the idea and odds
_______________________________________________________
This is an analysis for educational purpose not investment advice