GOLD → Sellers taking interest for retesting in gold

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Hello Traders!
As we all know that last week gold has made ATH with red candle and also did a retest to 2799 but this retest is not enough for continuation of bullish trend here i have shared my analysis about gold

Currently gold is trading on 2799 at gold support level as next week is going to start in 3 hours so gold can do a gap down opening with strong volume candle and we can see 2774 in gold because gold is in strong bullish trend so it should touch 2774 which is golden zone of fib to continue its bullish trend.

Support Level: 2758-2767
Resistance Level: 2815-2819
Fib Golden Zone: 2773-2763
Liquidity Zone: 2730 (also strong low)

As gold is trading in a ascending channel so our target would be the trendline of ascending trendline but our entry should be at golden zone of fib.

Do not take entry at ATH that is the first of technical analysis so here our entry for buy would be very risky so we will wait for retest.

For Now we can take sell trade for scalping but always use SL because SL is better than liquidation so i am in for sell till 2763

If you like my analysis kindly boost my idea and follow me for more analysis

Analysis By: PIPsOptimizer

Have a nice day thank you!

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บันทึก

Use Stop Loss and Take Profit
Never Rush Trades
Buy From Bottom
Sell from top
5-7 Confirmation for entry

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ปิดการเทรด: ถึงเป้าหมายการทำกำไร

We have book both targets sell from 2805 and buy from 2773