Goldtrading
GOLD Analysis.Hello Traders.
Hope all are doing well.
I have observed the potential wealth creator trade in gold.
I see a clear down trend for short time trade and we can enter the market in a pritty good risk to reward.
as per analysis Point 2 is considered as Stop loss & Point 3 as Target.
As you can see in the analysis.
If any questions please text me up.
Regards.
GOLD ABOVE THE TREND LINE and ABOVE 70 RSIAS gold above the trend line if continue traded above 1880-1890 level than we expect a move toward 1965
as we see 1878 is the resistance level it test multiple time and came down and now it around that level if traded above we expect good move
RSI ABOVE 70 ALSO GIVE A STRONGE APPROACH TOWARDS MARKET
Gold battle between buyers and sellersFor the past two trading weeks gold was trading within confined range and unable to break on either side 1795,1760 was acting as strong barrier.Kindly watch the break out/down for potential buy/sell Upper side target would be 1815 and on downside immediate target would be 1750.