TVC:GOLD Gold prices continued to struggle to gain any meaningful traction on Monday and hovered in a narrow trading range for the second straight day. Gold is currently trading just below 1,965$ during the Asian session, although it has managed to maintain its value above the 100 hourly Simple Moving Average (SMA) so far.
The US dollar (USD) edged higher on the first day of a new week and looks set to recover slightly on Friday from its lowest in more than a month following the Federal Reserve's hawkish outlook
I expect Gold will bounce back to the 1963-1966 zone and we will have a sell order at this time, although gold is stuck in a large range, but I believe it will match my sell order.
My stop loss is 50pip per trade
Trade active
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Please wait patiently, still going according to plan