Hello Traders and followers!! Be careful in trading Gold because its very high volatile.
This is a rising wedge pattern and its a strong bearish pattern but below we have a key level at 1937. I avoid trading on patterns because its a very easy way to lose money.
Currently we have only two key levels to look for now. Below one is 1937 and upside 1988 is a strong level.
Wait and watch for these numbers here is how to trade
>If market breaks below 1937 and retest it we are going to sell it to 1870.
>After testing 1937 if market fail to break, look for moving averages or MACD or Stochastic oscillator to enter buy trade to target 1994-1998.
Same strategy also apply at 1998 breaking above will push it to 2050+.. (i will give exact value after it breaks 2000) and failed attempt will take it back to 1937.
Good Luck! I hope everything is easy now. Thumbs up if you find it Helpful.
This is a rising wedge pattern and its a strong bearish pattern but below we have a key level at 1937. I avoid trading on patterns because its a very easy way to lose money.
Currently we have only two key levels to look for now. Below one is 1937 and upside 1988 is a strong level.
Wait and watch for these numbers here is how to trade
>If market breaks below 1937 and retest it we are going to sell it to 1870.
>After testing 1937 if market fail to break, look for moving averages or MACD or Stochastic oscillator to enter buy trade to target 1994-1998.
Same strategy also apply at 1998 breaking above will push it to 2050+.. (i will give exact value after it breaks 2000) and failed attempt will take it back to 1937.
Good Luck! I hope everything is easy now. Thumbs up if you find it Helpful.