Gold Is A Buy ONLY If We Get A Confirmation To Buy Now

Traders, Long term Gold is bullish but it has not reached its short profit targets yet completely. Right it may give us a long opportunity before return back to the downward direction. Personally I have been waiting and taking caution in this market for last 1 and half weeks. I want to see a clear confirmation to buy or sell beyond the current FCPzone. Right now it has come back above FCP zone which may turn in to a buy opportunity as we planned earlier.

Follow the arrows for direction after a confirmation and horizontal lines and zones for targets and as support and resistance.

BTW, 4H Head and Shoulders pattern is not valid any more.


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Take care and trade well
-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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