Gold is trading in bullish channel since Sep 22 and channel top is seen around 2050 - 2070 from now of after testing wave top corrective fall till 1990 -1985 is expected.
Failing to hold 1980 - 1970 can bring aggressive bears for extend fall to channel bottom around 1930 - 1920 can open.
Mid to long term strategy should be sell on strength with money management of course. this move can be seen by June 2023.
Failing to hold 1980 - 1970 can bring aggressive bears for extend fall to channel bottom around 1930 - 1920 can open.
Mid to long term strategy should be sell on strength with money management of course. this move can be seen by June 2023.
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Gold fell around 1985 suggested 1st bearish target with low of 1993 and that fall exactly came from suggested resistance 1948 - 1950. We have witnessed a fall of 630 pips now some short covering base upside correction can be seen hence look to book gains or manage risk as per you risk appetite.
Remember us in your prayers tooo
Remember us in your prayers tooo
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Hello Friends,
On my last analysis it was suggested 2048 - 2050 can bring bears on charts till 1980 - 1970. Today we have witnessed 1970 now this is a support, an important support infect.
So those who are shorts should look to book gains or at least adopt risk management.
I believe short covering base pull back from here can be seen till 1981 - 1986.
Closing US session above 1986 would shift control to ST to bulls.
Happy Trading.
On my last analysis it was suggested 2048 - 2050 can bring bears on charts till 1980 - 1970. Today we have witnessed 1970 now this is a support, an important support infect.
So those who are shorts should look to book gains or at least adopt risk management.
I believe short covering base pull back from here can be seen till 1981 - 1986.
Closing US session above 1986 would shift control to ST to bulls.
Happy Trading.