Gold was strong bullish on 14th of Oct due to fcmo. It just crossed strong resistance and went upto 1800 and now it has came back to 1757 support.
1 Day timeframe it has formed a parallel channel and now according to that it should move above to 1809-15 and then push back down to 1757 and below.
50 MA is going to cross 200MA, it is also a sign of a bullish market so it will go 1800 up.
You can put your sell order there 1809-15 with sl 1832 and TP 1785 – 72 – 57 – 45 – 34 – 17.
Happy Trading.
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1 Day timeframe it has formed a parallel channel and now according to that it should move above to 1809-15 and then push back down to 1757 and below.
50 MA is going to cross 200MA, it is also a sign of a bullish market so it will go 1800 up.
You can put your sell order there 1809-15 with sl 1832 and TP 1785 – 72 – 57 – 45 – 34 – 17.
Happy Trading.
Thanks for having a view. Any query comment
Follow and like. Thanks
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