fib retracement future prediction. In 1 day time frame. Moving averages recommend buying. oscillators are neutral. dxy down 0.9%.
Its going to cover all the losses if succeeds. if it maintains this breakout then there is high chance of going down
As we can there is a false breakout and in the selling zone sellers are active now sma 50 indicates selling as well as Sma 200 in 30 minutes 1 hr time frame. there will be increase in the trading volume zoon
Retracement done breakout done following trend line. No news coming which can push gold.
better take a small lot entry here as it losses momentum and its in sell zone
gold can drop massively it is currently moving between 2317 and 2337 breakout of this range can. maybe we can see a big moment this week.
As per the feb retracement the gold is likely to bounce back from this point . as we can also see an uptrend line . previously gold also bounce back from this point. i hope you like my idea. but i think before going up directly it will stay in range for a while .
as data is much more similar to the forecast data now the users are likely to sell in this zone as we saw previously
gold can bounce back a little bit from this as the bear's power is decreasing and we can see that it bounced in the past.
currently gold is at an all-time high It is good to have a sell position at this position stoic says that it's in an overbought zone.If DXY holds steady or moves up, the chances of going gold down may increase. Buying volume is decreasing which is a good sign . we can see a 30-minute fvg, which will be our stop loss.
as we can see bears are in power now and with low volume market is going down. and its a breakout again just like the previous one
may fall. low volume sorry i forget to post the idea here I took this trade on live stream
let goo. sel 2 points sl and trade can go down till 2300
You can watch this trade on my Saturday'S livestream. its a simple fvg momentum fall trade ez pz.
I hope you guys took profit at tp 2. but I am hoping that it will fall more if it crosses the trend line its better to book profit and leave