Scenarios for buying Gold!
Hello Everyone,
Dear Traders,
A triangle was formed for Gold
After the break TP could be around top of this Channel
However, an overbought witnessed in the LTF.
We might see some corrections here!
This could be the potential channel in future moves of the gold.
Two possible setups:
1-You can buy now and hope for sharp moves and your TP would be around top of channel.
2-You can wait for bottom of bullish potential LTF channel and set the TP as mid of the long-term channel
Dear Traders,
A triangle was formed for Gold
After the break TP could be around top of this Channel
However, an overbought witnessed in the LTF.
We might see some corrections here!
This could be the potential channel in future moves of the gold.
Two possible setups:
1-You can buy now and hope for sharp moves and your TP would be around top of channel.
2-You can wait for bottom of bullish potential LTF channel and set the TP as mid of the long-term channel
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