Go through the analysis carefully, and do trade accordingly,
POSSIBILITY-1
If price breaks 1642-1638 area (i.e. support area) and retested it then, we will place Sell order in gold with target of 1632, 1622, 1615. and stop loss should be the higher price of this Support range or 50D-EMA.
POSSIBILITY-2
If price breaks 1665-1672 area (i.e. Resistance area, trendline, Descending triangle, Fibo level) and retested it then, we will place Buy order in gold with target of 1678,1688,1698,1708, 1722. and stop loss should be the Lower price of this Resistance range or 50D-EMA.
Our trading Preference:
Trading tips:
Sell @1644
TP1 @1640
TP2 @1632
TP3 @1622
TP4 @1615
Sell Stop @1665(OPTIONAL)
Best of luck👍👍👍👍
Never risk 2% of principal to follow any position.
💗💗💗Go through the analysis carefully, and do trade accordingly