TVC:GOLD Gold lacks any solid direction on the day, moving sideways around 1950$ area Gold prices struggled to capitalize on modest intraday gains and traded in a tight range during the first half of the Asian session on Tuesday. GOLD trades around 1,950$, mostly unchanged on the day and well maintained within a familiar trading range held for about a month.
The 4-hour chart shows the pair fighting around the flat 20 SMA, while the longer lines lack directional strength above current levels. Meanwhile, technical indicators remain positive but go nowhere, reflecting the absence of buying power. Given the better market mood, GOLD is likely to extend its current consolidation phase throughout the week.
I am expecting, a slight bounce around 1953 1950 we will have a selling point at this point. I believe gold will follow my opinion
You might consider buying gold around 1938
Stop loss around 70pip per trade
Trade active
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The entry point is almost here, are you ready?
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Everything is trending
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Gold is falling in my opinion, it's time to bounce back
Trade closed: target reached
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SELL 1955 => 1930. +250pips✅✅✅✅✅ Everything goes according to plan and wins