GOLD Mapping 3-Oct-2022Direction• For bigger time frame Monthly & Weekly, price still in downtrend.
• Confirmation Trend or Direction:Weekly candle (Bearish Engulfing) & break out the weekly support with drastically
Position Entry (Target for Sell Position)• Wait for the reaction I mark in (blue zone). Each zone marked is the significant zone for support & resistance
• Monitor the price action, chart pattern at the lower time frame for confirmation to entry continous sell position if the price break the support zone
• For temporary, Rashad will monitor the area Support Zone (S1), as I can see, current market movement strongly on bearish movement.
• However, the most important is, wait for the confirmation before entry the position
