Gold Analysis and Trade Idea for 30-09-2022
Plan A
Sell stop: 1658.00
SL: 1670
TP1: 1652
TP2: 1646
TP3: 1640
Plan B
Wait for candle chart to give indication of going up over 1660.
1660 is a defining point.
Long Gold: Wait for next call
SL: 0.00
TP1: 0.00
TP2: 0.00
TP3: 0.00
Bearish
- Current price is 1660, weekly high pressure
- Mostly news are coming bad for gold
- Gold is bearish, according to the daily chart.
- Monthly candle is overall bearish and can slip further down.
Bullish
- As Per 4H chart Gold can move further up
- Gold is above 200 SMA
- 1670 Strong resistance level
Sell stop: 1658.00
SL: 1670
TP1: 1652
TP2: 1646
TP3: 1640
Plan B
Wait for candle chart to give indication of going up over 1660.
1660 is a defining point.
Long Gold: Wait for next call
SL: 0.00
TP1: 0.00
TP2: 0.00
TP3: 0.00
Bearish
- Current price is 1660, weekly high pressure
- Mostly news are coming bad for gold
- Gold is bearish, according to the daily chart.
- Monthly candle is overall bearish and can slip further down.
Bullish
- As Per 4H chart Gold can move further up
- Gold is above 200 SMA
- 1670 Strong resistance level
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