Gold analysis for 07/02/2023:
– Everything went as expected as early yesterday, congratulations on buying and TP on gaining about 80 pips in 1880. However, in the end, the market did not rise until 1888 so that we could go short.
– D1 yesterday closed the candlestick at 1868 with a rather long leg retracted beard => This is also a short-term signal that the bears are around 1880.
– For today, we will continue to wait for Sell with the small resistance just created as shown below yesterday with the maximum TP will be 1865 and watch the market continue to wait to see if we break through the 1860 zone towards around 1850. If so, we’ll keep our ears around this area, as it’s a very good big bumper.
Command reference:
Sell 1874 (When there is a reversal signal on the M5 or m15 timeframe)
SL: 1881
TP1: 1870
TP2: 1865
Buy 1850-1855 (When there is a reversal signal)
SL: 1843
TP1: 1860
TP2: 1870
TP3: 1875
WISH YOU 1 SUCCESSFUL TRADING DAY.
