PLAN TRADING GOLD WEEK : 09.10 - 13.10.2023
Gold has formed a falling price channel for a long time. Gold prices channel below and reacts to shallowing and is gentle.
With Intensity waiting to reach the upper boundary ( 1875 - 1900 ).
Just saved with the Fibo degeneration zone ": 0.5 - 0.618 - 0.786 of the previous down wave.
Gold may move towards the fibo zones. If it really reaches 1956, then it will be clear that the trend has reversed.
Otherwise, still have to wait around 1724.
Therefore, the general trend is that we will still watch for Short-term BUY during the week. TP like mentioned above.
Summary :
BUY Entry : 1820 - 1825.
Stoploss : 1810
Target : 1850 - 1863 - 1880 - 1890 - 1900
Goodluck Everyone !
With Intensity waiting to reach the upper boundary ( 1875 - 1900 ).
Just saved with the Fibo degeneration zone ": 0.5 - 0.618 - 0.786 of the previous down wave.
Gold may move towards the fibo zones. If it really reaches 1956, then it will be clear that the trend has reversed.
Otherwise, still have to wait around 1724.
Therefore, the general trend is that we will still watch for Short-term BUY during the week. TP like mentioned above.
Summary :
BUY Entry : 1820 - 1825.
Stoploss : 1810
Target : 1850 - 1863 - 1880 - 1890 - 1900
Goodluck Everyone !
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