Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON GOLD. 📚
👉As we can see price is still overall bullish from a long-term perspective, trading inside this channel.
👉Moreover, as the price will be approaching our upper bound zone, acting as an over-bought zone, Then we will be looking for new bearish correction movement on lower time frame.
👉Unless price managed to trade again till our lower rising trendline, where we will be looking for new bullish movement as a trend-following buy setups. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON GOLD. 📚
👉As we can see price is still overall bullish from a long-term perspective, trading inside this channel.
👉Moreover, as the price will be approaching our upper bound zone, acting as an over-bought zone, Then we will be looking for new bearish correction movement on lower time frame.
👉Unless price managed to trade again till our lower rising trendline, where we will be looking for new bullish movement as a trend-following buy setups. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!