It is been observed that the price action was ranging in a symmetrical triangle for a while. Now, the price action finally breaks out from the triangle, indicating strong selling pressure. The price shall now further move down as measured to the height of triangle. Short after a pullback to previous support of the triangle as marked.
Trade active
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Book Partial Profits at current price levels of 1270 and look for a pullback to short again. Regards
Trade closed: target reached
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Gold reached the targets successfully, book profits friends. Regards
i don't who are you but i like your good attitude to helping the people.i am slowly understanding the charts because of you.I sincerely Thank you So Much
NeeteshJain
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@bhaskarpenny Sir, I appreciate your kind words. If you wish to learn more about charts, I would encourage you to look at my educational posts links given below
That shall help you to create foundation for your analysis.
WaveTalks
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You Know -Gold Kya Hoga 1250 Hoga phir 1200$ - Vow Man-Nice Chart.Let us enjoy the trend.
NeeteshJain
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1250 is expected to achieve and if it breaks 1250 then we may see 1200 too. I appreciate your feedback Bro. Regards.
bhaskarpenny
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how can we trade XAUUSD from india.i am new to commodity please suggest me.
i don't who are you but i like your good attitude to helping the people.i am slowly understanding the charts because of you.I sincerely Thank you So Much