Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON GOLD. 📚
👉As we can see price is still overall bullish from a long-term perspective, trading inside this channel.
👉Moreover, Price is sitting around our upper bound of this channel, acting as an over-bought zone, lining up with a massive round number 2300, where we will be looking for new bearish correction movement.
👉Meanwhile, Price is still also bullish from a short-term perspective, trading inside this channel, and for the bears to take over, we need a break below the marked swing low, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON GOLD. 📚
👉As we can see price is still overall bullish from a long-term perspective, trading inside this channel.
👉Moreover, Price is sitting around our upper bound of this channel, acting as an over-bought zone, lining up with a massive round number 2300, where we will be looking for new bearish correction movement.
👉Meanwhile, Price is still also bullish from a short-term perspective, trading inside this channel, and for the bears to take over, we need a break below the marked swing low, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!