GOLD NEXT MOVE (mild correction expected) (01-10-2024)

Aktualisiert
Go through the analysis carefully and do trade accordingly.

Anup 'BIAS for the day (01-10-2024)

Current price- 2655

"if Price stays below 2668, then next target is 2645 and 2635 and above that 2685".


-POSSIBILITY-1
Wait (as geopolitical situation are worsening )

-POSSIBILITY-2
Wait (as geopolitical situation are worsening)



Best of luck
Never risk more than 1% of principal to follow any position.
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Trade ist aktiv
market completed its first move (2656-2673)
Gold buy smashed +170 pips in upside
Snapshot
Trade ist aktiv
As suggested in the chart,
gold then taken 2nd move down side side from 2673.
now Gold complete its 2nd move from +280 PIPS PROFIT (2673-2645)
Snapshot
Trade ist aktiv
we have completed 2nd move.
now we are in third move as displayed in the chart,
and market picked our entry near 2645 and not it is running +100 pips in profit (2645-2655).
until the price is above 2635, the daily BIAS remains bullish
Snapshot
Trade ist aktiv
3rd move is running +150 PIPS IN PROFIT
i.e. BUY POSITION IS RUNNING +150 PIPS IN PROFIT (2645-2660)
Snapshot
Trade ist aktiv
3rd move is running +180 PIPS IN PROFIT
i.e. BUY POSITION IS RUNNING +180PIPS IN PROFIT (2645-2663)
Snapshot
Trade ist aktiv
market hit the buying zone again, and bounced back to the bullish direction, as I told you until the price is above 2635, BIAS will be bullish side.
this bouncing move gives us again +100 pips (2642-2652)
Snapshot
Trade ist aktiv
quick update. (current price-2644)
Immediate support=2640-2642
Demand/ buying zone= 2638-40

decent support= 2630-32.
Immediate resistance= 2655-57
decent resistance= 2670-2673.

until the price is above 2635, the trend remains bullish
Trade ist aktiv
PRICE HIT THE BUYING ZONE (2638-2640), Hence a buy position activates @2638
&
Buy position is running +220 PIPS IN PROFIT .✅✅✅
(2638-2660)
You can book maximum profit here
Trade ist aktiv
Buy position is running +300 PIPS IN PROFIT .✅✅✅
(2638-2668)
Snapshot
Trade ist aktiv
quick update. (current price-2660)

Immediate resistance=2666-68
Decent resistance= 2672-74

Immediate support= 2655-57
Decent support = 2638-40

until the price is above 2645, the trend remains bullish
Trade ist aktiv
after the above update:
price hit the support area i.e.(2638-2640),
and again flied to 2670.
then the buy gave us +380 PIPS PROFIT (2632-2670).
this analysis played very well (1st, 2nd & 3rd Move),
and after that also this analysis played very well after my daily updates.
Trade geschlossen: Ziel wurde erreicht
this analysis is closed now, after giving us +1410 PIPS PROFIT

+170 PIPS PROFIT (upside move)✅✅✅
+280 PIPS PROFIT (downside move)✅✅✅
+180 PIPS PROFIT (upside move)✅✅✅
+100 PIPS PROFIT (upside move)✅✅✅
+300 PIPS PROFIT (upside move)✅✅✅
+380 PIPS PROFIT (upside move)✅✅✅
Trade geschlossen: Ziel wurde erreicht
already full target achieved. and it is completely closed now
Chart Patterns

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