Gold M30 short term, although the price is currently moving in an ascending triangle pattern, with Asia's strong price decrease, this triangle pattern will fail!
The Buy strategy to continue following the trend today will only be established when Gold increases strongly in the Asian session, surpassing the price threshold of $3,451 (this morning's peak) with a strong bullish candle (like a Large Shadow candle)
At that time, you can set up a direct Buy or Buy-Stop according to the breakout candle pattern. The reference STP when the candle closes < $3,446 appears and the target increases towards $3,467 - $,3473 and $3,488
Regarding the main bearish scenario in Asia, there will be 02 main price movement trends that can be formed
The price decreases to around $3,421 and then recovers. At that time, the Short point can be considered to be established according to the false-break around $3,446 with the reference STP of 8 prices.
The price dropped sharply, losing the $3,421 mark, heading towards around $3,405 (or even higher). It is expected that around the $3,400 range, there will be a price recovery (Buy is acceptable when there is a reaction). The Short strategy will then be updated around $3,421 with STP 9 prices and a price target towards $3,380.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
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