Trade As Per Description. Total Analysis Given In Chart. Thx.
Gold is showing some reversal pattern for retesting 1840. As per the chart, we can see that gold was following a perfect uptrend and now its reversal shows that it will retest 1840 and go for the long target (day time frame). It took reversal by two very powerful chart reversal patterns named shooting star with confirmation & Bearish Engulfing pattern for...
Gold in make or break level. Enter only after the confirmation candle (Weekly). RSI is in the overbought zone!
Last time we have seen a symmetric triangle ( look into related ideas) and it breaks the trend line but it din't break our levels. This time also formed a symmetric triangle and hopefully it will break with good volumes and breaks our levels. Long / Short, Enter only on breakouts
Price formed a symmetric triangle pattern and it is about to break the triangle, enter long when breaks the level mentioned in the pic.