Hello Friends,
Here in GOLD i am focusing on bulls to trade on, which is because of last week the high cancellation of bears into weekly & in intraday as well. So Firstly we have support area where gold can hit for some correction into the area of support at mentioned in the chart. From that area & above it all the control of Gold market get into bulls hands, so here logic is simple to go with bulls because of bear rejection as well the most strong bull candle too which fly market almost 200 pips this week minimum. So our target is around 1800 plus definitely the level 1815 approx.
Another thing as what if it fall because market anyhow react opposite too so you should don't trade if suppport area is broken then how you'll understand where its next move will be ?
So for it you should wait for swing which take market back into bulls control otherwise we're gonna focus on bears after the fall from the level of 1752 which fall the Gold market to approx area 1710s.
I HOPE YOU'VE GOT SOME POINT OF VIEW ON HOW TO TRADE GOLD FOR NEXT MOVE.
Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU!
P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
Here in GOLD i am focusing on bulls to trade on, which is because of last week the high cancellation of bears into weekly & in intraday as well. So Firstly we have support area where gold can hit for some correction into the area of support at mentioned in the chart. From that area & above it all the control of Gold market get into bulls hands, so here logic is simple to go with bulls because of bear rejection as well the most strong bull candle too which fly market almost 200 pips this week minimum. So our target is around 1800 plus definitely the level 1815 approx.
Another thing as what if it fall because market anyhow react opposite too so you should don't trade if suppport area is broken then how you'll understand where its next move will be ?
So for it you should wait for swing which take market back into bulls control otherwise we're gonna focus on bears after the fall from the level of 1752 which fall the Gold market to approx area 1710s.
I HOPE YOU'VE GOT SOME POINT OF VIEW ON HOW TO TRADE GOLD FOR NEXT MOVE.
Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU!
P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
