Gold Buy Setup and confirmation
Technical Factor:
Right now, Gold is in the best buying zone! yes you are right. its very much possibility to go up from the current market price 1714.
Yesterday we saw that gold dropped almost 300 pips during the US open time and reversed more than 400 pips in the next hour,
Now we will try to break GOLD chart into different zones! First zone is current market price 1714-1711 which is very good place to buy. if it goes down, the we will try to add a second layer of gold buy from 1701-1702 and the third layer will be in 1695-1696.
Stop Loss will be 1685 and we are pretty much confident that gold will jump from the current market price.
Our Trade:
We bought GOLD at 1714
SL 1685
TP 1747
Pending BUY Limit
GOLD Buy at 1702
SL 1685
TP 1747
Right now, Gold is in the best buying zone! yes you are right. its very much possibility to go up from the current market price 1714.
Yesterday we saw that gold dropped almost 300 pips during the US open time and reversed more than 400 pips in the next hour,
Now we will try to break GOLD chart into different zones! First zone is current market price 1714-1711 which is very good place to buy. if it goes down, the we will try to add a second layer of gold buy from 1701-1702 and the third layer will be in 1695-1696.
Stop Loss will be 1685 and we are pretty much confident that gold will jump from the current market price.
Our Trade:
We bought GOLD at 1714
SL 1685
TP 1747
Pending BUY Limit
GOLD Buy at 1702
SL 1685
TP 1747
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