Hi Friends,
Last week we finally got some highly impulsive bullish move after which it falls due to the resistance. So now it on that area where it can be a bull or bear. Accordingly to history this formation is of swing which will be bullish, which is considering into the first correction area. As Gold is bullish so i'm considering the final impulsive bulls till 1850s area. So for bulls we have a strong support which is already not been broken in the previous periods else the bull rejects from resistance so in next turn the possibility of breakage of the middle resistance in the current trend is possible which leads the bull to 1850s & lastly we are taking it as a swing trading which is definently a U-shaped in H4.
About sell i've no focus to get into interest of bears.
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.
Last week we finally got some highly impulsive bullish move after which it falls due to the resistance. So now it on that area where it can be a bull or bear. Accordingly to history this formation is of swing which will be bullish, which is considering into the first correction area. As Gold is bullish so i'm considering the final impulsive bulls till 1850s area. So for bulls we have a strong support which is already not been broken in the previous periods else the bull rejects from resistance so in next turn the possibility of breakage of the middle resistance in the current trend is possible which leads the bull to 1850s & lastly we are taking it as a swing trading which is definently a U-shaped in H4.
About sell i've no focus to get into interest of bears.
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.
