Let 's market choose her side and follow her path after it show confirm signal. Long bias if price still more than 1311 zone (invalid zone of right chart) target more than 1463 ++
Short bias if price is not break up green trend line of left chart Price break down and form H&S pattern , target below 1400 ( 1370 - 1394 )
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I sell Gold 1420 for short term sl 1422.5 TP 1370-1394
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sell trigger is stopped out and Gold meet old res. if Gold can pass and break TL for invalid in sell
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In this peroid it is unclear so we only trade in zone if it have good RR ,we will entry like this it is good RR to buy with tight stoploss
Great analysis! You provided a clear picture for both scenarios.
UGTraders
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Good analysis, I'm more biased to the upside, but eventually the market will say its own word, so better to be prepared for both sides!
Keep up the great work!