FX:XAUUSD Gold / U.S. Dollar
The Gold markets rally during the course of the session on Tuesday to the level of $1370. At this point in time, we strongly believe that market is on its rally and ready to go higher. The Gold market sentiment is still positive. The main trend of Gold is on charts and and market is sustaining above the 100 days moving average on its 4 hourly chart. It is having important at significantly psychological number at the level of $1400 and at the level of $1340. On its 4 hourly charts, is sustaining in its positive territory and is sustaining in its buying zone indicating the upcoming in the oil prices. On intra day basis one can go for buy on lower level strategy.
Trade closed manually: stopped at b/e
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