Observation: Gold almost hit the highest resistance zone (May June 2021 - Monthly TF) Gold broke UP the monthly resistance trendline on 11 Feb 2022. Kaju Fusion Bullish Kaju X Bullish STO & RSI OVERBOUGHT Friday candle closes as Doji Thurs Friday candle crosses Upper Bollinger Band
We expect a retracement, followed by a rocket upwards
---------------------------------------------- Trade Idea 1 Retracement trade Depending on the next candle on Mon and Tues, we can probably take a short trade for a retracement. Do monitor STO and RSI and candle
Sell: 1900-1907 TP1: 1882 TP2: Let profit run SL: 1918 (May June 2021 Resistance zone 1907-1917)
---------------------------------------------- Following the trend Trade Idea 2 Buy: 1833.35-1861.56 TP1: 1871.56 TP2: Let profit run SL: 1823.35