POSSIBLE GOLD MOVE WITH 1:10 RISK REWARD AT SUPPLY ZONEGOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
ALL THE SETUPS ARE JUST FOR EDUCATIONAL PURPOSE
A. Volumes showing buyers are showing intrest .
and shock zone going to break
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Goldbullish
Gold about to go longFollowing the current bullish trend, the minor bearish wave on lower timeframes is coming to a halt. Gold is supported by the strong level at 1920 and 1900 respectively, which will be enough volume to see it soar towards 1953 and 1980, the remaining porting of q1 2023. We will have to wait and see how these two support levels behave before entering long and daily levels falling below 1900 will invalidate the bullish momentum at least for q1. Fundamentals will aid in deciding an optimum trade entry long. Today is the last trading day for January, you might want to follow the W1 close and hunt for safe entries before NFP next month.