The issue is, we broker previous high at $ 1,877 on daily chart. The weekly chart is showing much higher potential. The stochastic daily chart starts looking negative.
I tried short, and the stop-loss was fine. I feel we will need to re-sell somewhere, but I prefer waiting higher levels before I try again. Medium term players buy gold on dips as we are above good cloud support for awhile.
Initially I think we sell $ 1,925-1,950 range. I will come back to this one coming days again.
I tried short, and the stop-loss was fine. I feel we will need to re-sell somewhere, but I prefer waiting higher levels before I try again. Medium term players buy gold on dips as we are above good cloud support for awhile.
Initially I think we sell $ 1,925-1,950 range. I will come back to this one coming days again.