GOLD is expected to go bullish - 400 PIPS opportunity
Gold has a strong sell last Friday and close with a bearish engulfing candle signalling a strong sell for coming week. Also on H4 the last candle closes with a long wick almost 30% of the entire candle which signals a pull back before a bearish move.
In my view Gold is expected to test the 2033.00 area again before moving any lower . There are two trade ideas listed below.
1 - Sell at market open around 2004.41 with a profit target of 1997.00 and SL: 2008.50 - 70 PIPS opportunity
2 - Buy again around 1996.00, TP1: 2023.00 , TP2: 2033, SL : 1988.00 - 370 PIPS opportunity
Total 440 PIPS opportunity , use proper money management
This idea is for educational purpose only .
In my view Gold is expected to test the 2033.00 area again before moving any lower . There are two trade ideas listed below.
1 - Sell at market open around 2004.41 with a profit target of 1997.00 and SL: 2008.50 - 70 PIPS opportunity
2 - Buy again around 1996.00, TP1: 2023.00 , TP2: 2033, SL : 1988.00 - 370 PIPS opportunity
Total 440 PIPS opportunity , use proper money management
This idea is for educational purpose only .
