Gold Next Week Timeframe :
D1 trendline broke
H4 Bullish eng
H1 Bullish eng + FVG
D1 trendline has broken the down trendline, H4 has bullish engulfing at demand zone, H1 has also bullish engulfing and Fair Value Gap (FVG).
Entry :
According to H1 TF, entry point is 2643 at the area of FVG and Bullish engulfing.
Stop loss 2630 and Target is 2723.
Its possible to achieve target next week in FOMC.
Jointelegram
Gold Next MoveIn my previous set, as i said i will take long trade at the price 2643 and our sl was 2630, it was running 200 pips and changed the trend into bearish so that i took short trade in fomc and Alhamdulillah got it.
Now trend is bearish, i will take short position.
Timeframe :
D1 support broke + trendline broke
H4 demand broke + failed eng
H1 demand broke + bearish eng
D1 has broke the support and has broke trendline, H4 has broke demand zone and has failed engulfing, H1 has demand zone broke and has bearish engulfing.
Entry :
I will take entry according to H1 TF, entry point is 2639 above the bearish engulfing. Stop loss 2661 and target is 2561.