Gold Analysis and Trade Idea for 01-11-2022
Plan B
Sell limit: 1640.00
SL: 1652.00
TP1: 1632.00
TP2: 1625.00
TP3: 1620.00
TP4: 1615.00
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- Overall bearish trend
- Strong resistance 1648 (Only break of 1648 will cancel the bearish Scenario)
- Gold is heading towards 1600
- Market can bounce towards 1640 as 4H candle correct it's pattern and hit moving average for once.
- Market is overall bearish but we can face short-term bullish candles, but don't long until market break 1652 price level and break the bearish scenario (which has so less chance)
- October closing is also bearish which indicated the further bearish rely on monthly candle
Sell limit: 1640.00
SL: 1652.00
TP1: 1632.00
TP2: 1625.00
TP3: 1620.00
TP4: 1615.00
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- Overall bearish trend
- Strong resistance 1648 (Only break of 1648 will cancel the bearish Scenario)
- Gold is heading towards 1600
- Market can bounce towards 1640 as 4H candle correct it's pattern and hit moving average for once.
- Market is overall bearish but we can face short-term bullish candles, but don't long until market break 1652 price level and break the bearish scenario (which has so less chance)
- October closing is also bearish which indicated the further bearish rely on monthly candle
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