OK so price is dropping continuously but I think gold has defined it's trend in between these yellow lines. SO the downward or upward break of these lines will give us a proper direction otherwise gold will stay in these lines and it will go upward now and drop again. For a swing trade wait for it to break lower trend line and then it will gives you an entry when it will make a LH (Lower High around 2000 or 2010 level not now after break of trend line it will test again) or if it get fail to break the trend line it will gove you a long entry above 2010 level with sl of 1990 and tp 2060
Kommentera:
Till now price is in the channel but facing rejection here. So I'll wait for it's breakout downward or above 2010 level to go into trade. If price goes down we can take an entry at 1995 level with Sl of 2004 and TP1: 1970 TP2: 1950