Gold: Further Meltdown on cards- Sell High
Gold: As per last analysis which is successfully met, Gold Successfully met my target of 1934-1935 (200 DMA) and find a support there. Now i am expecting Gold to make some retracement to the 1945-1952. From this region a good selling opportunity can be generated.
The second visit of 200 DMA may result in deep breakdown to 1900-1910 region.
Currently price is under Ichimoku cloud, MACD Red, Price under 20-50-100 SMA on 4H chart. I will prefer to sell with target of 1922( 200 SMA 4H) and 1910.
Breaking of 1920 will put 1885 support on cards But its little early to say.
So Guys i will be selling top.
Good Luck and do comment on the idea and odds
The second visit of 200 DMA may result in deep breakdown to 1900-1910 region.
Currently price is under Ichimoku cloud, MACD Red, Price under 20-50-100 SMA on 4H chart. I will prefer to sell with target of 1922( 200 SMA 4H) and 1910.
Breaking of 1920 will put 1885 support on cards But its little early to say.
So Guys i will be selling top.
Good Luck and do comment on the idea and odds