Gold has approached the 3825 and at high around 3840 resistance zone where sellers are likely to step in. Price rejection from this area can trigger a downside move toward the 3775–3780 support zone.
Currently, the setup favors a contra play, with risk defined above the resistance zone and reward potential aligning with the lower support.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research or consult your financial advisor before trading.
Currently, the setup favors a contra play, with risk defined above the resistance zone and reward potential aligning with the lower support.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research or consult your financial advisor before trading.
Trade closed: stop reached
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All links →linktr.ee/TraderRahulPal
SCA Registered Analyst→Dubai
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Struggling with losses? Master PROFITABLE STRATEGIES THAT WORK IN EVERY MARKET
From Basics→Real Execution
DM or WhatsApp to get started
Contact me: wa.me/919560602464
All links →linktr.ee/TraderRahulPal
SCA Registered Analyst→Dubai
From Basics→Real Execution
DM or WhatsApp to get started
Contact me: wa.me/919560602464
All links →linktr.ee/TraderRahulPal
SCA Registered Analyst→Dubai
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.