GoldCartel

Strong rejection on the daily candle?

Long
GoldCartel Mod Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
If today's daily candle closes above 1675 zones, it has the potential to go back up to 1700, 1710 even to 1740 zones, Time will tell.

Catalyst: Price action, US PMI, Jobless claims and Durable goods data

PS: This trade fails if it breakout and close below the support zones

Trade active:
Daily candle has the potential to reject the strong support

Trade active:
Still holding the long trade, but enter a short position scalping down to 1695, 1700, 1705 zones

Trade active:
It has reached the scalping target. Market waiting for the US data as a catalyst

Trade active:
US Jobless claims 4427K
Trade closed: target reached:
We will wait until the market shows a better sign of reversal or bullish continuation. But currently, we're scalping short selling
Comment:
Here's our last trade of this week

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