MoneyTechPH

Currently sits in a major support zone both horizontally and of an up trend line. If it is to break downwards, then we can target our support zone 3250. Always wait for a retest before entering the market. On the upside, it has to break 3350 before we can safely assume that it resumes its uptrend. Until then, we can do a range trading buying near support and selling resistance. Buy Zone: 3300 to 3310Target: 3320 to 3342Stop: 3290Sell Zone: 3340 to 3336Target: 3307, 3315Stop: 3351

Last trade idea was fulfilled and went into the downside. Targeted 3250. If this 3250 major support area breaks down, we can expect a bigger downside move.However, there’s a huge buying that happened at that level. It may first have a pullback upwards before it continues its decline. RSI is also at oversold level.Bullish reversal can be confirmed if 3350 gets broken.

GOLD 4H TIMEFRAMECurrently on a major support level, if it breaks down at 3284, we can target these previous support levels at 3264 and 3250. Always wait for a retest before entering to confirm that it is not a fake out. On the other hand, if this bounce and consolidate above 3350 levels, then we have a probability of a continued growth to 3400 and 3440. If the ceasefire got violated and FED hints of a rate cut, 3500 is not just a possibility, it can go higher and make new highs. When entering trades look for opportunity on lower timeframes like M1, M5 and M15. When analyzing the general direction and bias, it's best to check high timeframes H1, H4 and D1.