Hello Traders,
Here you go for the GOLD analyst as price move within the descending channel and currently price was respecting the major resistance on the trend line, as well as double top has been created. Therefore before we place the trade, please wait for the seller to come in by the impulsive movement and retest the minor resistance. Please kindly see the confirmation until the price was confirmed at the next lower high area at the zones. please see my previous gold as attached.
Please Mind your core principles of your trading confluences before taking the price in order to take this idea to trade with proper risk management.
Disclaimer
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Cheers,
Ochin_FX
Here you go for the GOLD analyst as price move within the descending channel and currently price was respecting the major resistance on the trend line, as well as double top has been created. Therefore before we place the trade, please wait for the seller to come in by the impulsive movement and retest the minor resistance. Please kindly see the confirmation until the price was confirmed at the next lower high area at the zones. please see my previous gold as attached.
Please Mind your core principles of your trading confluences before taking the price in order to take this idea to trade with proper risk management.
Disclaimer
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Cheers,
Ochin_FX
