My First gold trades in December

Now Gold dropped at 1770 and 1760 Zone. It is far away from 200 EMA. More pressure for bearish. But Omicron and virus fear are the factors for gold bullish? 

Buy 1770 SL 1755 TP 1791.06 ( 200 Pips) Hit TP

Buy 1764 SL 1749 TP 1794/03 ( 300 Pips) Running in 95 % profit

H1 Chart

H4 Chart

Daily Chart

December 1, 2021,

Open-   1773            Highest- 1793            

Close-   1782             Lowest- 1772 

Gold price opened @ 1773 and closed at @1782. It went up 0.46%. I went up the highest 1793 and lowest 1772. Formed long rejection tail and small bullish body and also created minor resistant level 1795. 

December 2, 2021 

Open-   1782           Highest- 1782        R1 -1785        R2-1795    R3 1833

Close-   1768          Lowest- 1762          S1- 1770        S2-1760    S3 1720

The gold price went down to 1767 at the Asia session. Big rejection appears at the H4 candle.

My Trading ideas are to open a long position. 

at 1770 SL 1755 TP 1790  here. It is the risk-on. Please take a small position. 

Good luck everyone. let's see where the market will go.

• Fundamental Data- 
• 6, December 2021: No important data 
• 7, December 2021 : 
• Technical Data-
• 6, December 2021: Price Between  Resistance key level (1785 H1 Timeframe  200 SMA / 50 SMA)  and Support key level 1776 ( 50 SMA of H1 Timeframe and previous Higher high)
• 7, December 2021

Price Change Data

Date	Price	Open	High	Low	Change %
Dec 08, 2021	1,791.10	1,784.72	1,791.64	1,784.53	0.40%
Dec 07, 2021	1,784.04	1,778.08	1,788.02	1,771.93	0.33%
Dec 06, 2021	1,778.11	1,784.79	1,787.87	1,775.91	-0.32%
Dec 03, 2021	1,783.74	1,768.84	1,786.44	1,765.63	0.85%

My trades' Condition- 

 TP 1791.06 ( 200 Pips) Hit TP at 8 December 2021

Buy 1764 SL 1749 TP 1794.03 ( 300 Pips) Running in 95 % profit

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