GOLD DAILY MULTI DIRECTIONAL
HELLO TRADERS
- Let me remind you that in my previous analysis i have mentioned GOLD Short, The reason was Strong Channel Resistance.
- Now we can see price has broken channel on Daily Time Frame with strong bullish candle which is a sign that bullish trend started, But from these higher prices we cant go for log until it will do retest and manage its RSI on at least 4H chart.
- Also we can see 4H parallel inside channel which is now our main concern.
- So if price will break 4H Parallel channel we will go for short the area is 1809, After breakout 1809 trend will be bearish, And if price will give rejections above this trend will remain bullish.
"Attaching my previous analysis for educational purpose"
- Let me remind you that in my previous analysis i have mentioned GOLD Short, The reason was Strong Channel Resistance.
- Now we can see price has broken channel on Daily Time Frame with strong bullish candle which is a sign that bullish trend started, But from these higher prices we cant go for log until it will do retest and manage its RSI on at least 4H chart.
- Also we can see 4H parallel inside channel which is now our main concern.
- So if price will break 4H Parallel channel we will go for short the area is 1809, After breakout 1809 trend will be bearish, And if price will give rejections above this trend will remain bullish.
"Attaching my previous analysis for educational purpose"
Investment and structure planning :
DM
DM
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