26/05 - Will the golden bull find a way out?
Traders were careful due to the US debt ceiling expiry and significant US data, causing the US Dollar to weaken = >As a result, Gold saw a rise.
Currently, the Gold Price is trading near its multi-day low within a short-term range.
The gold bear's re-entry is expected at the key support level of $1,943 while gold buyers can defend their position at around $1,938.
The expectation is that the yellow metal will remain sturdy due to the support level at $1,930.
XAUUSD
BUY 1932-1935
Stop Loss 1925
My own expected return is 1940-1945-1955
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
Currently, the Gold Price is trading near its multi-day low within a short-term range.
The gold bear's re-entry is expected at the key support level of $1,943 while gold buyers can defend their position at around $1,938.
The expectation is that the yellow metal will remain sturdy due to the support level at $1,930.
XAUUSD
BUY 1932-1935
Stop Loss 1925
My own expected return is 1940-1945-1955
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
Comment:
gold buyers can defend their position at around $1,938 => Region 1938 is very well supported
