GOLD NEXT MOVE ( LIVE FOREX EDUCATION ACADEMAY)

Gold is in its fighting zone between 1832-1882.
Not gold is running between Major trend line of selling (Long term) and another selling trend line (short term).
Major trend line has been broken by gold and retest successfully but short term selling trend line was not broken by the Gold.
However, it is very early to predict any move of gold but two things is in gold selling
STRONG DXY INDEX PRESSURING GOLD DOWN SIDE
GOLD IS NOT AT 61.8% of Fibonacci on selling trendline,
Bearish engulfing pattern is still intact in selling

Trading tips:
wait to confirm breakout of major resistance area i.e. 1832, if gold breaks it the go to buy and set TP 1842,1852,1872.
wait to confirm breakout of major support area i.e. 1798-1802, if gold breaks it then gold to sell and set TP 1792,1782,1762,1752.

From this position, there is a scope of gold selling if USA ADP report favors of USD,
In that scenario
gold likely to break 1802-1898 again,
So trade carefully

İşlem aktif:

As I told you US ADP report impacts on GOLD move,
Now gold is in sell zone,
Happy trading,
TP1 +200 PIPS ✅✅🎯✅✅ DONE

İşlem kapandı: hedefe ulaştı