Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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GOLD 2500?!
👉As we can see price is still overall bullish from a long-term perspective, trading inside this rising broadening wedge pattern making new aggressive movement upside.
👉Meanwhile, yes, we can expect a movement higher till 2500 as this zone would be the last chance for gold to start correction, where the price will be around an over-bought zone upper bound of this wedge pattern, lining up with our massive psychological level 2500.
👉Where we will be interested in looking for new bearish movement as a correction one for this big impulse.
We don't predict, we react! đź“š
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
GOLD 2500?!
👉As we can see price is still overall bullish from a long-term perspective, trading inside this rising broadening wedge pattern making new aggressive movement upside.
👉Meanwhile, yes, we can expect a movement higher till 2500 as this zone would be the last chance for gold to start correction, where the price will be around an over-bought zone upper bound of this wedge pattern, lining up with our massive psychological level 2500.
👉Where we will be interested in looking for new bearish movement as a correction one for this big impulse.
We don't predict, we react! đź“š
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!