Gold Analysis and Trade Idea for 08-Jan-2023

9 Oca 2023

Generally gold is bullish we are seeing a strong bearish divergence on 1H which will pull gold down till end of US session or by end of tomorrow. It has to come down to define a HL which will enables us to get benefit from it. and there is a strong possibility Dxy will reverse and will force to push gold down As gold is already too high and will correct itself. next important resistance 1889. so place your sl above resistance.

Plan B
Sell Stop 1874.00
SL: 1893.00
TP1: 1862.00
TP2: 1858.00
TP3: 1853.00

Happy Trading.

11 Oca 2023

Not

Close short trade at 1877.00