The market has opened and prices are steadily drifting on top of 1925 zone. I believe highs will be retested again. I currently have entered buys at 1924-1925. i will take this back to 1937-1939 area.
Gold at 1925 became unsustainable because of fundamental news influences (Powell Speech etc.). 1925 will now be an invalid level to take a trade on so now we must prepare for the reaction. im looking to sell gold if it retests 1939 and if gold continues to push lower i will buy 1909
Right now the price is holding above that 79.500 daily support line. Looking for a retracement back to 79.500. From there will go up to hit the first daily resistance and break it to hit TP (second resistance).
Hello all Setup: Two examples of divergence > a bullish spike is overdue Weekly low Monthly low Double bottom Bouncing off support Bullish bias What more needs to be said? > I don't actually know because I'm a beginner but this appears to be a simple trade, maybe too simple so be careful of stop hunts and fakeouts. Any advice is appreciated. Good luck Vince...
Be careful tho, the market is still very unstable. use a small lot. Please hit Like & Follow to support more analysis. You can also comment to share your bias.
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