With the release of the hawkish minutes from the Federal Reserve, the US dollar index climbed back above 100, suppressing gold prices. Yesterday, gold rebounded after testing a low near 4055 in the US session, then rallied slightly to around 4110 in the early morning before weakening again. In the Asian session, it broke lower, briefly touching around 4040. During the European session, it fell again, touching 4038 before stabilizing and rebounding. It has repeatedly tested the support around 4040 without breaking it, and is currently fluctuating.
11/22 Gold Short-Term Trading Strategy
Sell gold near 4085, with a stop-loss at 4095, targeting below 4070/60. Buy gold near 4044/5f, with a stop-loss at 4034, targeting 4070/80.
11/22 Gold Short-Term Trading Strategy
Sell gold near 4085, with a stop-loss at 4095, targeting below 4070/60. Buy gold near 4044/5f, with a stop-loss at 4034, targeting 4070/80.
Trade active
Our short positions have now been closed with a profit of 150 points. Let's wait for the second entry opportunity.
The road to success is not crowded. As long as you choose the right direction and follow the right team, you will be able to move forward.
t.me/david_456654
t.me/david_456654
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The road to success is not crowded. As long as you choose the right direction and follow the right team, you will be able to move forward.
t.me/david_456654
t.me/david_456654
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.