Description
⋅ GOLD Buy 1276 area Uesd small SL Take profit Area 1300 breakout 1305 then another buy 1327
Other side of GOLD not breakout 1305 then Sell this level .
Trade active
⋅ Now Trade is Active Sl used 1260 area and another buy 1262 area
Trade active
⋅ GOLD short Target 1285 This week and next target 1292/96 Area.
Comment
⋅ GOLD buy order closed 1280.
Comment
⋅ GOLD appears on track to test support at $1,262 (trendline connecting August and November lows).
Previous Monthly High 1327.8
Previous Monthly Low 1280.1
Daily Fibonacci 38.2% 1279.12
Daily Fibonacci 61.8% 1282.88
Daily Pivot Point S1 1271.23
Daily Pivot Point S2 1264.19
Daily Pivot Point S3 1255.33
Daily Pivot Point R1 1287.13
Daily Pivot Point R2 1295.99
Daily Pivot Point R3 1303.03
#GOLD buy Area 1262 Area Used Stop loss 1255.
Trade active
⋅ On Friday, gold broke the resistance of the 55-hour simple moving average at 1,275.50. Due to that reason a surge up to the 1,280.00 level.
At the 1,280.00 level the commodity price is set to meet with the 100-hour SMA, which was heading down during the early hours of Friday's trading.
Trade closed: target reached
⋅ GOLD buy order active 1276 and Take profit 1280, earning 40 pips