Support is turning resistance on H4 chart and currently price has bounced to the support again. Price has started stalling at it and got rejected from it.
Today being Friday, I wont take this trade today. I will wait till Monday Europe open to see how this pattern comes up. For short trade my target remains same as lower resistance area.
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GOLD H4 |
After Europe open, If this area holds on any spike, then I am planning to go short at aprox 1715/16 for a possible move down 1700/1695 area.
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GOLD H4 |
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