Technical View on Gold for 1-2 Days
Gold Has formed rounding bottom pattern on 1 hour chart and is looking for some upside movement.
One can buy @ 1802 for the TG of 1806 -1810 -1817with SL of below 1795 (for risky traders).
OR
One can buy above 1804.50 for the TG of 1809-1813-1817 with SL of 1797.50.
Note: On the other hand if anybody is interested on sell side, some selling pressure may be seen below 1797 and price may go down upto the level of 1792-1790.
Disclaimer : This idea is only for educational purpose and the person is liable for his/her losses who takes the trade on behalf of this idea.
Gold Has formed rounding bottom pattern on 1 hour chart and is looking for some upside movement.
One can buy @ 1802 for the TG of 1806 -1810 -1817with SL of below 1795 (for risky traders).
OR
One can buy above 1804.50 for the TG of 1809-1813-1817 with SL of 1797.50.
Note: On the other hand if anybody is interested on sell side, some selling pressure may be seen below 1797 and price may go down upto the level of 1792-1790.
Disclaimer : This idea is only for educational purpose and the person is liable for his/her losses who takes the trade on behalf of this idea.
Trade active:
Who they want to trade in sell side can book some profit or hold with stop loss of 1797, profit running 30 pips.
Risky traders stop loss hit.
Risky traders stop loss hit.