Trading Signal - 06 / 04 / 2023 - 10:00 (GMT +3)

Instrument: GOLD
by: Chief Technical Strategist Avramis Despotis

Previous Close 2013

Change -0.42 %

Current 2013

52 Week High 2021

52 Week Low 1622

30 Days ATR 28

40 Weeks ATR 39

Trend & Support & Position & Trade Entry, Take Profit &
Time Comments
Condition Resistances Probability Stop Loss Levels

Position Entry SL

2007 2035 A Medium probability, entry signal to go LONG will

60min
be given with the upward break of 2017 after the BUY 2017 2007
CHART
2001 2045 market found support at 2007. Only the downward
· Upwards
break of 2007 would cancel the bullish scenario and Trade P. TP1 TP2
Next 3 Days Strong
· 1990 2070 take us SHORT.
Oversold 1 Medium 2045 2070

Position Entry SL

240min 1975 2045

A Medium High probability, entry signal to go LONG
CHART LONG 1947 1943
was given at 1947 after the market found support at
· 1943 2070
Next 3
Upwards 1943. Only the downward break of 1943 would
Trade P. TP1 TP2
Strong cancel the bullish scenario.
Weeks 1925 2100
·
Neutral Medium High 2045 2100

Position Entry SL

Daily 1932 2050

A High probability, entry signal to go LONG was
CHART LONG 1965 1932
given at 1965 after the market found support at
· 1895 2070
Next 3 Upwards 1932. Only the downward break of 1932 would
Trade P. TP1 TP2
Strong cancel the bullish scenario.
Months 1823 2120
·
Neutral High 2050 2120
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of investment research.

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