GOLD MAJOR TREND: May Resume or Terminate

Jul 24, 2019

Gold registered Highest High @ 1453.00 last week during its Bull Run extended over weeks & months. Reasonably enough bars are there to form a rectangular Price - Range (1415.00 - 1430.00) after reversing from the weekend Top. Any 4 hour Bar closing above 1430.00 may resume the Major Trend. Buy the High of that up-closed Bar. Initial Stop-loss is @1426.00 & First Profit Target is @ 1445.00. Conversely if any 4 Hour Bar closing below 1415.00 may terminate the Major Trend or least it can initiate shorter term Bearish Trend. So Short the Low of That down-closed Bar. Initial stop-loss is @ 1419.00 & First Profit Target is @ 1400.00. For remaining traded LOTS , either trail the stop-loss or fix the Price-Targets.