GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD CPI NEWS SETUPSURESHOOT SETUP CPI news tradeing
GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD
CPI NEWS SETUP
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
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
Goldbuysetup
Buy Goldbees for the long runStart Buying Goldbees as you wont get it at the current levels after 1 Jan 2023. The Chart is very clearly depicting a strong Bullish Upmove on Gold.
It could be due to high inflation or it could be due to rising commodity prices or it may be due to Government printing money. Whatever the reason is look at Rate of Change indicator below. The Roc is depicting that there is a clear breakout and the Current prices are above 6M 12M 24M & 36M EMA.