Price Action Trade setup in Gold :
As we discussed in last session that gold is in aggressive uptrend. Now gold is in retracement mode.
As per price action studies it is seen that There is ascending trend line support at us gold 1305.Also there is a horizontal key support at this 1305 area.
We have to observe a buying signal at us gold 1305 area. If price closes below 1300 area then the situation will be different for gold.
We have to observe any bullish rejection at this 1305 area which is almost nearer.Be alert if any buying signal arrives here.
Latest Update in Crude Oil on 22nd July
As we can see in daily time frame crude oil is in heavy confusion from last week. We can clearly see that it is moving in a consolidation range.
We can trade a consolidation breakout in crude oil , if crude oil breaks 2990 level , there is a probability of crude to travel downside.
