Hello traders, in my previous Gold analysis, I recommended buying Gold at the hourly support level near 2430. As you can see, that idea generated over 600 pips profit.
Currently, Gold is near the hourly support level again. So, if price doesn't fall below the 100- hour EMA level, traders can consider buying Gold@2367-2375 with stop loss below the hourly support level and TP at 2430.
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Already moved up 100 Pips
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Seems like price is consolidating for the next phase
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Bought@2360
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Trade currently in 200 pips profit
Trade closed manually
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Trade closed@2416. Profit: 560 Pips
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Bought again@2380 as I find the hourly support is still intact