It's obvious gold is still oscillation in pivot area (1160~1366) on 1W and 1D chart. Currently on 1D chart it will be either retracement or down trend.
But no matter what it is, on 4H chart it clear down trend. That's why i choose 4H chart to trade at this time.
Price momentum just breakthrough pivot area support level on Tuesday. It may test the resistance 1281 before falling down to 1260 level.
So i would like to make a limited order 1279 with SL: 1282, TP: 1262
But no matter what it is, on 4H chart it clear down trend. That's why i choose 4H chart to trade at this time.
Price momentum just breakthrough pivot area support level on Tuesday. It may test the resistance 1281 before falling down to 1260 level.
So i would like to make a limited order 1279 with SL: 1282, TP: 1262
Comment:
I had posted 4H chart into link, but it always appears 1H chart. I had edited several times but doesn't work. So just let it be...