Gold Next Move

In my previous set, as i said i will take long trade at the price 2643 and our sl was 2630, it was running 200 pips and changed the trend into bearish so that i took short trade in fomc and Alhamdulillah got it.

Now trend is bearish, i will take short position.


Timeframe :

D1 support broke + trendline broke
H4 demand broke + failed eng
H1 demand broke + bearish eng


D1 has broke the support and has broke trendline, H4 has broke demand zone and has failed engulfing, H1 has demand zone broke and has bearish engulfing.

Entry :

I will take entry according to H1 TF, entry point is 2639 above the bearish engulfing. Stop loss 2661 and target is 2561.