Gold FuturesShort
Gold: wait for an opportunity
Updated
There are two ways this can go!
1. Daily chart breaks the support and falls (after a retest probably)
2. daily chart takes a support from here where 2 HR there should exist a bullish divergence in the MACD histogram and should start going up!
Points to note: Weekly chart has a bearish divergence and daily chart also has a bearish divergence! So probability of this falling (read daily chart arrows) is more!
1. Daily chart breaks the support and falls (after a retest probably)
2. daily chart takes a support from here where 2 HR there should exist a bullish divergence in the MACD histogram and should start going up!
Points to note: Weekly chart has a bearish divergence and daily chart also has a bearish divergence! So probability of this falling (read daily chart arrows) is more!
Trade closed: target reached
2HR chart worked! and we entered on the long positions as discussed! huge targets achieved! Trade closed! Thank you for your time!
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