Trading Signal:
A Trading Signal is seen in the Gold XAUUSD
Traders can open their Sell Trades NOW
⬇️Sell on uptrend breakout or Sell on 1797.47
⭕️SL @ 1811.66
🔵TP1 @ 1768.56
🔵TP2 @ 1752.00
🔵TP3 @ 1733.58
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SILVERMIC | Small scalping opportunity for 900 pts
CMP : 69050 (Can add one more lot near 68700)
SL : 68500
Target : 69900
1:2 risk reward setup
1:4 if get dip
As we see Gold give a big brekout from last few days on daily time frame, and take a support at 1763 level as i see there is demant and suuply zone so gold should be sideways for some days
and if gold give a breakdown and sustain belove 1763 so we can see a big fall in gold
Target sholud be1677
In case if gold give a breakout above 1800 Target shold be 1825
Gold is in strong downtrend and can clearly see more big red candles than the green ones which suggests the price has tendency to go lower. We already had a Pullback at 1795.36 and the second Pullback might happen again which would make a double top at 1795.36, but if it doesn't happen we expect the price to go lower to at least 1743.16
Have a Profitable...
Midterm forecast:
While the price is above the support 23.75, a resumption of the uptrend is expected.
We make sure when the resistance at 28.75 breaks.
If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The symmetrical triangle is taking shape. As a continuation pattern suggests, we will...
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✺ LOGIC ✺
✣Yellow Trendline: OKOK resistance
✣Pink Trendline: Good Resistance
✣Red trendline: STRONG SUPPORT
✣Green trendline: Good support
✺Plan
- Either Buy at such levels with a SL of 4% (low-risk high reward setup )
- Or wait to drop a bit more if it does than a good buy at red...
