Gold market update on 1D chart - how to trade

TVC:GOLD   CFDs on Gold (US$ / OZ)
Dear traders and followers,

welcome to the weekly DKIC Gold market update !

The market failed to break and close above 1905$ several times and is going now into a correction move to at least 1840-1850$ & 50 day EMA .
If the market break and close under this support area the next stop is near 1760$.
We closed our buy positions and opened some small short positions near 1900$.
We will close this short positions as soon the market confirmed 1850$ area as support.

The MACD & RSI indicators points to a further downward correction move as well.

Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/don't miss any new ideas
Thanks for your support !
Comment: moving as expected. Now looking for some consolidation between 1840-1850$ before open a long position.
Comment: Market dumped very strong after the FED meeting on Wednesday. Now looking for a consolidation at drawn support area before open any long position.

Money Management 📖

Trading Coaching 👑

VIP Signals group --> contact on Telegram @DannyKadiric (there are exact entries and exits posted)

free Telegram group: