We had seen gold consolidating in a sideways direction for around 2 weeks, and had tried to give breakout above the bearish trendline, but for it the confirm the reversal we need decisive breakout and sustenance above the level of 4230.
Looking at the structure it seems like the continuation on the bearish direction would be an easier option for gold if it give the breakout below 4168 citing trend failure, and the structure alignment of overall price action.
Immediate resistance is at 4230 and immediate support is at 4167 and below that 4066 is ultimate support.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
Looking at the structure it seems like the continuation on the bearish direction would be an easier option for gold if it give the breakout below 4168 citing trend failure, and the structure alignment of overall price action.
Immediate resistance is at 4230 and immediate support is at 4167 and below that 4066 is ultimate support.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
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Join Telegram Channels for more Trades ideas 🧿
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.