Today there is very important news on inflation numbers. This will bring big movements in gold.
Yesterday gold made a higher high above 1835 even though there is lot of selling pressure above 1832.
Price is able to sustain 1832 today. So until US session it will range between previous support 1828 and 1836.
Momentum and trend are finally bullish. So prefer long trades until price reaches 1848.
We may go for small long trades at 1829 with SL 1822 and TP 1834 before US session
I will suggest to go for longterm short at 1848 with SL 1856 and TP 1800 if prices go there
Yesterday gold made a higher high above 1835 even though there is lot of selling pressure above 1832.
Price is able to sustain 1832 today. So until US session it will range between previous support 1828 and 1836.
Momentum and trend are finally bullish. So prefer long trades until price reaches 1848.
We may go for small long trades at 1829 with SL 1822 and TP 1834 before US session
I will suggest to go for longterm short at 1848 with SL 1856 and TP 1800 if prices go there