Well last week gold closed really good with a clear bearish candle and this zone is a clear re-buy zone. at this time price is at 1930 and can go up to 1942 which is next resistance level but I believe it is going to test 1903 level with in this week and I am waiting for price reversal for today to short it. Gold is still in it's bearish trend and will reach 1903 soon.
GOLD
- In bearish pattern
- I see that it will continue it's bearish move
- DXY is at resistance level and can break this resistance
- DXY will move up-to 103.000 level and above, which will pressure gold to go bearish
Continue with Entry:
GOLD Short Zone: 1932-38.00
Stop Loss - 1946.00
Take Profit: TP1: 1920.00 | TP2: 1910.00 | TP3: 1903.00
Intraday Support Resistance Level.
Pivot Level: 1922.83
Resistance Level: R1:1935.58 | R2:1949.973 | R3:1962.720
Support Level: S1:1908.443 | S2:1895.698 | S3:1881.305
Support my work with like & comment! Thanks.
GOLD
- In bearish pattern
- I see that it will continue it's bearish move
- DXY is at resistance level and can break this resistance
- DXY will move up-to 103.000 level and above, which will pressure gold to go bearish
Continue with Entry:
GOLD Short Zone: 1932-38.00
Stop Loss - 1946.00
Take Profit: TP1: 1920.00 | TP2: 1910.00 | TP3: 1903.00
Intraday Support Resistance Level.
Pivot Level: 1922.83
Resistance Level: R1:1935.58 | R2:1949.973 | R3:1962.720
Support Level: S1:1908.443 | S2:1895.698 | S3:1881.305
Support my work with like & comment! Thanks.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.