Gold Outlook - 6 November 2019
Hi Guys,
Big win yesterday for those who follow my analysis. Thanks to Allah.
As for today, looking at D1, gold still has the possibility to reach 1479 as immediate support, where if it break gold might touch the bottom trend line. Do bear in mind that this is a BULL FLAG in the making, where at this point gold can drop down a little more before spike up, or it may just spike up to test the upper resistance.
Looking at H4, a pinbar candle has formed, which might indicate trend reversal. Immediate support at 1480, with next resistance at 1494.
My bias for today is BULLISH;
1. Buy Limit at 1480, with TP 1494 / 1500, SL 30 pips
2. Buy now with same TP as above, and SL 40 pips
Good Luck!! Please comment if my analysis have benefited you in trading.... Thank You
Big win yesterday for those who follow my analysis. Thanks to Allah.
As for today, looking at D1, gold still has the possibility to reach 1479 as immediate support, where if it break gold might touch the bottom trend line. Do bear in mind that this is a BULL FLAG in the making, where at this point gold can drop down a little more before spike up, or it may just spike up to test the upper resistance.
Looking at H4, a pinbar candle has formed, which might indicate trend reversal. Immediate support at 1480, with next resistance at 1494.
My bias for today is BULLISH;
1. Buy Limit at 1480, with TP 1494 / 1500, SL 30 pips
2. Buy now with same TP as above, and SL 40 pips
Good Luck!! Please comment if my analysis have benefited you in trading.... Thank You
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