Gold will Try to reach the Resistance

6 Sep 2022

Hi Everyone,

Please see updated 1H chart, gold likely to hit our resistance on the last idea

the gold will decide the first move.
there is 2 high possibility there
1. (33% probability)if the gold steadily above 1735, not going back to break our support around 1710. highly chance to hit to test the target point at 1750.
2. the gold (50% probability) to make range until tomorrow to make new strong support at 1710-1730 range (to collect the volume)

This analysis also uses news fundamentals that will occur in the near term.

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Please using good money management.
dont take any emotional trade.

Note:
Dont risk more than 0.2% on trending market
Dont risk more than 1% on ranging market

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