Market is below the resistance line 1658-1660, the down trend is so week and the chance of the price falling is 30%-50% and market can go up to 1645 then 1635,
But if market manages to break resistance which looks like it will then the price index can break 1665 and 16670, the main target will be 1672 then 1680
Today's news will also affect the market so look market near news arrival.
Here is my trade plan, I won't short market today. I'll be long if market broke the resistance as per following plan.
Plan A
Long Gold: 1660 (Buy Zone)
SL: 1642
TP1: 1665.00
TP2: 1672.00
TP3: 1680.00
TP4: 1686.00
Best of luck.
But if market manages to break resistance which looks like it will then the price index can break 1665 and 16670, the main target will be 1672 then 1680
Today's news will also affect the market so look market near news arrival.
Here is my trade plan, I won't short market today. I'll be long if market broke the resistance as per following plan.
Plan A
Long Gold: 1660 (Buy Zone)
SL: 1642
TP1: 1665.00
TP2: 1672.00
TP3: 1680.00
TP4: 1686.00
Best of luck.