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GOLD Trading Signal - 12 / 08 / 2022 - 16:00 (GMT +3)


Instrument: GOLD

Previous Close 1789

Change -0.13 %

Current 1786


Support & Resistances

1783 1800

1774 1808

1760 1822


Trend & Condition

Downwards
Weak


Comments

The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 1783 support level. Only the upward break of 1800 would cancel the bearish scenario and take us LONG.

Position & Trade Probability

Position : SELL                  
Entry :  1783
SL :  1800

Trade P. :  High        
TP1 : 1774
TP2 : 1760
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