GOLD has made a clear triple top and currently making LL&LH.
I don't want it to close below 1880 for a healthy run and change of structure. If the trend is continued, a long dip may come. A change in current trend can lead again it to ATH and probably break triple top resistance.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
I don't want it to close below 1880 for a healthy run and change of structure. If the trend is continued, a long dip may come. A change in current trend can lead again it to ATH and probably break triple top resistance.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
Trade active:
Shared at 1947 and closed at 1848. 100 points movement. Many more to come.
Comment:
Reached 1827. Heading towards 1805.
Trade closed: target reached:
Now, it is in strong support zone of 1815-1805. Closing below these levels may not be good for Gold and can drag it towards 1760-1730.
Comment:
Taken support at TL. Wait for further movement.