Gold has rallied up to 4600 plus pips since September. Now this area is extremely important, price has approached this area and got rejected multiple times. If bulls managed to break 3900 than expect gold to rally up to 3950.
But if this area gets rejected again than I’m expecting a solid Sell off which is due now. Plus we cannot ignore Israel Gaza situation, if everything goes well with Trump plan than Selling pressure will be on Gold.
If resistance on daily gets rejected than I’ll sell and my targets will be support levels
S1 - 3840
S2 - 3780
S3 - 3750
S4 - 3700
S5 - 3650-30
Now most important thing if price approaches any of these levels and gets rejected on daily tf than I’ll buy so if price goes down book partials at these levels and place sl at entry to make Sells risk free.
But if this area gets rejected again than I’m expecting a solid Sell off which is due now. Plus we cannot ignore Israel Gaza situation, if everything goes well with Trump plan than Selling pressure will be on Gold.
If resistance on daily gets rejected than I’ll sell and my targets will be support levels
S1 - 3840
S2 - 3780
S3 - 3750
S4 - 3700
S5 - 3650-30
Now most important thing if price approaches any of these levels and gets rejected on daily tf than I’ll buy so if price goes down book partials at these levels and place sl at entry to make Sells risk free.
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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.