According to chart we are waiting for the Gold price to enter into the Confluence area (1838 to 1825).
which is also called a Broken Structure of 50EMA , Trend line and important fibo level.
I would recommend to buy Gold from 1838.
or
If market breaks, than 1825 will be the last limit.
(Maybe the Tail or Shadow).
Stop should be below 1820.
Initial Target is 1860.
Weekly target is 1883.
Monthly target is 1926.
For Holders:
only If market creates Strong rejection from 1838 and will close any 4H or Daily
above 1860. Otherwise, market will go for next next Dip.
which is also called a Broken Structure of 50EMA , Trend line and important fibo level.
I would recommend to buy Gold from 1838.
or
If market breaks, than 1825 will be the last limit.
(Maybe the Tail or Shadow).
Stop should be below 1820.
Initial Target is 1860.
Weekly target is 1883.
Monthly target is 1926.
For Holders:
only If market creates Strong rejection from 1838 and will close any 4H or Daily
above 1860. Otherwise, market will go for next next Dip.
