Hello Traders,
I hope you enjoyed your weekend and are ready for a new profitable week.
Before going to buy/ sell prices, please check my below idea that was published on May 30, 2023 to get the bigger picture for the expected price movements next week.
As you see the price breaks the bottom line of the weekly support and continues to fall. Now the price at 1980 represents very strong resistance, so if the Bulls managed to take the price above 1980-1985, this could pave the way for momentum buying towards 2000-2020.
Considering the other scenario, if the selling pressure continues and drops below 1908 then we expect to see 1900, 1896, 1871-1866 (the gap that was formed in March 2023).
For tomorrow, I will trade as follows:
Buy stop @ 1927.51 and TP 1929, 1933, 1936, 1940, 1945, 1949, 1954
Sell stop @ 1915.69 and TP 1909, 1905, 1900, 1896, 1887, 1881, 1872
Note: The price @ 1940 also represents now strong resistance and if the price goes above 1940, it will have a good chance to continue to 1954-1970.
Also a a reminder my SL for the above orders is $10.
I wish good luck for all!
I hope you enjoyed your weekend and are ready for a new profitable week.
Before going to buy/ sell prices, please check my below idea that was published on May 30, 2023 to get the bigger picture for the expected price movements next week.
Considering the other scenario, if the selling pressure continues and drops below 1908 then we expect to see 1900, 1896, 1871-1866 (the gap that was formed in March 2023).
For tomorrow, I will trade as follows:
Buy stop @ 1927.51 and TP 1929, 1933, 1936, 1940, 1945, 1949, 1954
Sell stop @ 1915.69 and TP 1909, 1905, 1900, 1896, 1887, 1881, 1872
Note: The price @ 1940 also represents now strong resistance and if the price goes above 1940, it will have a good chance to continue to 1954-1970.
Also a a reminder my SL for the above orders is $10.
I wish good luck for all!
Trade closed: target reached:
Today buy stop @1927.51 activated and TP2 reached @1933.
Trade closed: target reached:
Finally, the gold did it and break the 1900!
