Gold closes below the daily pivot for today, the RSI indicator is already in the oversold area and the price seems to start losing momentum. The chance is that if the price does not break the first daily support, the price will move back up to the pivot area.
Daily Pivot:
R4 1246.30
R3 1230.40
R2 1214.50
R1 1204.40
Pivot 1198.60
S1 1188.50
S2 1182.70
S3 1166.80
S4 1150.89
Option :
-Open long positions if the price does not break below the first daily support
-TP on a daily pivot
-SL first daily support or previous swing low
-Wait for confirmation to open a position
Follow, thumbs up, and share for updates every day
Daily Pivot:
R4 1246.30
R3 1230.40
R2 1214.50
R1 1204.40
Pivot 1198.60
S1 1188.50
S2 1182.70
S3 1166.80
S4 1150.89
Option :
-Open long positions if the price does not break below the first daily support
-TP on a daily pivot
-SL first daily support or previous swing low
-Wait for confirmation to open a position
Follow, thumbs up, and share for updates every day
Trade closed: target reached
