Gold Bullish Momentum > Bearish Momentum
Aggiornato
Gold price is suffering due to a significant amount of cash out from Gold ETF over this week. It's ranging at bottom of 198x level, however, managed to get great support at 1810 and 1805. Trading strategy in mind are:
1) Below 1810, Short and target 1797
2) Above 1819, Long and target 1829
In between, will need to monitor the market structure and sentiment. However, I'm more toward long today but not expect it will go too far.
1) Below 1810, Short and target 1797
2) Above 1819, Long and target 1829
In between, will need to monitor the market structure and sentiment. However, I'm more toward long today but not expect it will go too far.
Commento
Backup scenario
Trade chiuso: obiettivo raggiunto
1760 will be the next battlefield after 1780 broken... It will be either today or next week.
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