At this point we wait to see what the market wants to play us with
Gold price is reversing from a new all-time high reached above the $2,350 barrier in European trading on Monday. Reducing bets for a June Fed rate cut and easing geopolitical tensions limit the Gold price upside amid increased Gold buying from the Chinese central bank.
Trading plan for April 8
👨💻 If XAUUSD breaks the top of 2342 ,BUY gold 🪙
🔹SL 2331
🔹TP 2348-2350-2368
In case the gold price drops sharply and break out from the 2331 area, we can actively sell gold with the expected TP 2314-2300
Good luck 🪙🥏
Gold price is reversing from a new all-time high reached above the $2,350 barrier in European trading on Monday. Reducing bets for a June Fed rate cut and easing geopolitical tensions limit the Gold price upside amid increased Gold buying from the Chinese central bank.
Trading plan for April 8
👨💻 If XAUUSD breaks the top of 2342 ,BUY gold 🪙
🔹SL 2331
🔹TP 2348-2350-2368
In case the gold price drops sharply and break out from the 2331 area, we can actively sell gold with the expected TP 2314-2300
Good luck 🪙🥏
Trade active:
Buy signal triggered!