Just thought to call our attention to the fact that gold is generally bearish at least on the daily time frame. if we have to trade against the trend. please let's do it with caution for a maximum of 100 pips at a go.
If your account and the lot size have the capacity to hold trades for a longer period, watch out for Upper support as TP1 and Lower Support as TP 2. There could be some retracement or corrections upward.
This idea is invalidated at the daily closure above 1815, then will wait for price action at 1834 for the downtrend continuation.
Happy Trading!!!!
If your account and the lot size have the capacity to hold trades for a longer period, watch out for Upper support as TP1 and Lower Support as TP 2. There could be some retracement or corrections upward.
This idea is invalidated at the daily closure above 1815, then will wait for price action at 1834 for the downtrend continuation.
Happy Trading!!!!
FINSPOT ACADEMY
