Gold Pullback potential
Updated
Hi friends.
Unfortunately we have bad times in iran and im so sorry about that.
i couldnt post any analysis for 2 weeks and i hope you accept my excuse.
God bless all IRANs people.
As you can see i think we have a strong Resistance level approch.
and also a valid trend line.
this Resistance level overlap with trend line and after going up to around 1680
the price will react and make a pullback.
wait for price to pullback compeletely and after you receive confirmation
(mostly bearish candlestick patterns) , you can go SHORT.
and in addition we saw the 55MA crosses 100MA and 100MA crosses 200MA
and this is a death cross.
thank you all.
PRAY FOR US WE HAVE VERY VERY BAD TIMES IN IRAN.
Unfortunately we have bad times in iran and im so sorry about that.
i couldnt post any analysis for 2 weeks and i hope you accept my excuse.
God bless all IRANs people.
As you can see i think we have a strong Resistance level approch.
and also a valid trend line.
this Resistance level overlap with trend line and after going up to around 1680
the price will react and make a pullback.
wait for price to pullback compeletely and after you receive confirmation
(mostly bearish candlestick patterns) , you can go SHORT.
and in addition we saw the 55MA crosses 100MA and 100MA crosses 200MA
and this is a death cross.
thank you all.
PRAY FOR US WE HAVE VERY VERY BAD TIMES IN IRAN.
Trade closed: target reached
if you set your SL at 1737 above upper resistance line , like me , i think you are now in a good profit...Good luck.
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