Good Morning Forex friends
Yesterday market moves exactly according to our expectations and our target 1108 has been hit , We get good move in last trade.
Now i am looking for next setup to jump in the market again.I am sharing charts of different time frame.
Gold is in short term correction mood and this correction might touch the support again around 1089-91.I am expecting a bounce again from 1089-91 and market next target will be 1111-1113.
Immediate support is at 1089-91 and the major trend rising support is become 1079-81 area. Movement and daily closing below this level will invalidate our bullish bias.
Today we might see some volatility in the market because Unemployment claims to be announce in evening.
Buy From support 1089-91
Stoploss below 1080-79
Sell after breaking the support level around 1080-79
The trend longer term target remains the same 1145
Always trade with proper risk management and don’t risk more then 2% of your total capital.
Feel free to comment below if you have any concern regarding the charts and analysis.You feed back is always welcome
Wish you Happy trading