GOLD TRADING PROBABILITIES
Actualizado
Hello friends I am sharing the commodity Gold futures daily chart for educational purpose for that as we can see after hitting a All Time High of 61371 currently is is trading near a good support zone of 59600 and current price is 59800 so what are the coming probabilities in This security according to me I am sharing below.
PROBABILITY ONE-:
That is can touch to it's support near about 59600 and will give a bounce back from there and will hit a high near about to it's All time high or more to give a breakout there for new All time high.
PROBABILITY TWO-:
That is could break support and will reach in to it's demand zone area where we can see on chart that accumulation was happened before the breakout and All time highs too and there we can see that a new trading zone will formed where 59600 will act as a strong resistance because price will trade below support.
Traders can use small time frame chart for early executions I am using daily chart for taking a view only
By this chart we can understand how trading zones are formed and what are the correct time to Close a trade in profit or loss and identify the re-entries or fresh entries for buy or sell both.
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
PROBABILITY ONE-:
That is can touch to it's support near about 59600 and will give a bounce back from there and will hit a high near about to it's All time high or more to give a breakout there for new All time high.
PROBABILITY TWO-:
That is could break support and will reach in to it's demand zone area where we can see on chart that accumulation was happened before the breakout and All time highs too and there we can see that a new trading zone will formed where 59600 will act as a strong resistance because price will trade below support.
Traders can use small time frame chart for early executions I am using daily chart for taking a view only
By this chart we can understand how trading zones are formed and what are the correct time to Close a trade in profit or loss and identify the re-entries or fresh entries for buy or sell both.
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
Nota
STILL SUPPORT NOT BREACHED AND BOUNCED FROM EXACLY MENTIONED SUPPORT FROM 59600 ZONES AND NOW 60200 AGAIN, NICE MOVENota
WHAT A BOUNCE FROM MENTIONED SUPPORT JUMPED 800 POINTS FORM DAY LOW (IDENTFIED SUPPORT ZONE)Nota
GOOD CLOSE AFTER SUPPORT BOUNCENota
GOOD GOINGNota
GOOD CLOSE YETERDAY AFTER SUPPORT BOUNCE, LET US CATCH TODAY,S ACTIONNota
SECOND HIT ON SUPPORTNota
3RD TRY OF SUPPORT BREAKNota
AGAIN A GOOD BOUNCE FROM SUPPORT AND GOOD CLOSE TOONota
HOW IS THATNota
KEEP AND EYE TODAY EQUTIES ARE OFF BUT MCX EVENING SESSION IS ONNota
WHAT A MOVE AFTER GETTING BOUNCE FROM SUPPORTNota
LOOKING SO STRONG AFTER GET A BOUNCE FROM SUPPORT AGAIN AND AGAINNota
DID MORE THEN 1000 POINTS BOUNCE FROM MENTIONED ZONESNota
SUPER MOVENota
NEW ATH TODAY
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