GOLD Bullish Move After Correction
Hi Friends,
In this Analysis i've mention the bulls side into control of market. So firstly in the history it is clear, it was bullish after correction & same in case here the way its make a bearish strong candle & get into correction & didn't keep the bearish trend after that candle so definitely its rejection to the bears. So same it rejects that area for being bearish it'll be bullish by V-shape formation which we can take as the swing trade for long time period. So the area 1795-1805 is recommendable for bull trading from where it'll rejects according to analysis & is also the best entry point. Whereas the area 1832 approx is the resistance for current trend which will be traded on the condition that it breaks as real or a fake design.
Also for Bearish as a chance for H & S pattern, approx 1770 is likely to hit difficultly.
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.
In this Analysis i've mention the bulls side into control of market. So firstly in the history it is clear, it was bullish after correction & same in case here the way its make a bearish strong candle & get into correction & didn't keep the bearish trend after that candle so definitely its rejection to the bears. So same it rejects that area for being bearish it'll be bullish by V-shape formation which we can take as the swing trade for long time period. So the area 1795-1805 is recommendable for bull trading from where it'll rejects according to analysis & is also the best entry point. Whereas the area 1832 approx is the resistance for current trend which will be traded on the condition that it breaks as real or a fake design.
Also for Bearish as a chance for H & S pattern, approx 1770 is likely to hit difficultly.
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.
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