Fundamental Descriptions: Gold was up on Tuesday morning in Asia, even as the dollar slowly resumed an upward trend. A sustained move under 1830 will signal the return of sellers. If this creates enough downside momentum then look for a retest of the intraday low at 1785, followed by 1783.80 mark.
Technical View: Attempted recovery move stalled just ahead of the...
This for long term investment
Look at the chart market made a Bullish Gartley pattern
according to bullish Gartley 'D' is buying point
market made d point or will be
it means buying let's check traget
so our target will be 1990
! It is not for short term investment !
! high risk = high reward !
In bullish Market
Wait for break trend line
Break will be on :- 1932
You can take trade on :-1932
Target NO 1:-1935.05 SL :- 1925
Target NO 2:-1939.49 SL :- 1925
Target NO 3:-1950.28 This target maybe take 2 to 3 days.
| Friends qty matters |
| THE MORE PROFIT YOU WANT THE MORE QTY YOU HAVE TO TAKE |
GOLD Buy Trade opportunity
Gold is currently in a bearish trend expecting to change the trend on major support level on 1870 area if market make a very strong bullish candle on support line so it will be a very nice point to take a buy trade with very good risk rewards
"Always use Stop Loss"
HIGH : 07/08/2020 : 2074.90
LOW : 08/03/2021 : 1687.20
75% : 1977.97
50% : 1881. 05
25% : 1784.12
: entry & exit is very important
: try to manage money management
: know your stop loss
: find the chart pattern / analysis the chart before you enter
Directional Bias: Bullish
Pattern Type: Continuation
Pattern Description: This pattern occurs within the context of a longer
uptrend and is characterized by the price forming a u-shaped cup with a short
handle on the right. The duration of the cup should last at least 7 weeks if
using a daily chart.
Volume Description: Volume will typically follow the shape of the...
Description : Chart of Gold is forming a beautiful triangle.
Support Area : Break of triangle downside will lead to immediate support at 1680$ if this also breaks then 1480$.
Resistance Area : Break of triangle on upside will lead to 1900$ and then followed by 2030$