XAU/USD!!! Gold is bearish
Hello Traders!!
Weekly timeframe:
Gold is in trading in a range and here we can anticipate trading on support and resistance zones. Because it is moving from resistance we can easily anticipate that on daily timeframe market is in a lower trend where we can find some nice opportunities of selling gold.
Daily timeframe:
On daily timeframe market has made strong downward move to support area near 1810.
4H Timeframe:
On my entry timeframe I will be looking to break the support or show some nice retracement move and retest the previous support that will become resistance to go short nicely with some decent risk to reward ratio
Trading Advice:
On Gold my trading advice is to stay neutral untill gold makes some good retracement up or break support and retest it as resistance to go short!!!!
Thanks in anticipation
mahmad01
Weekly timeframe:
Gold is in trading in a range and here we can anticipate trading on support and resistance zones. Because it is moving from resistance we can easily anticipate that on daily timeframe market is in a lower trend where we can find some nice opportunities of selling gold.
Daily timeframe:
On daily timeframe market has made strong downward move to support area near 1810.
4H Timeframe:
On my entry timeframe I will be looking to break the support or show some nice retracement move and retest the previous support that will become resistance to go short nicely with some decent risk to reward ratio
Trading Advice:
On Gold my trading advice is to stay neutral untill gold makes some good retracement up or break support and retest it as resistance to go short!!!!
Thanks in anticipation
mahmad01
Feragatname
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