Hello Friends,
In this Analysis we have seen an INSIDE BAR in weekly candlestick so from that its going bearish as well as still keeping control of GOLD as bearish. At 1760 we have the support level where a 65% possibility of pullback which will take market in 1780 approx & then coming back to its trend of bears in the same impulsive way. There's no way we should trade impulsive BUY as trend is the Friend & the trend is now Bearish which keeping the market fall. Our Focus is to Sell GOLD from 1780 approx for a long term open trading positions. Our Target Area is 1723 approx as a strong Support.
In this Analysis we have seen an INSIDE BAR in weekly candlestick so from that its going bearish as well as still keeping control of GOLD as bearish. At 1760 we have the support level where a 65% possibility of pullback which will take market in 1780 approx & then coming back to its trend of bears in the same impulsive way. There's no way we should trade impulsive BUY as trend is the Friend & the trend is now Bearish which keeping the market fall. Our Focus is to Sell GOLD from 1780 approx for a long term open trading positions. Our Target Area is 1723 approx as a strong Support.
