Yesterday there was no important news. So Gold followed the technical analysis. Today also no news. So I hope gold follows technical. We can also see the volume is very less yesterday. So even though gold is able to make new higher high we cannot trust because of lower volume. The length of green candles is also not much big. All these factors indicate that the bears are still in power. So take care and put stop loss for all trade.
Today gold has two strong hurdles to break. 1825 and 1833. As the volumes are not very high we can go for short trades at both these levels. However we may not go for fresh buying in this range as this is still not having enough support of volume. So if prices drops back to previous supports of 1808 or 1815 we may think of buying.
Here are my trading ideas
SELL 1825 SL 1833 TP 1815
BUY 1816 SL 1806 TP 1815
SELL 1833 SL 1836 TP 1825
Please share your ideas
Today gold has two strong hurdles to break. 1825 and 1833. As the volumes are not very high we can go for short trades at both these levels. However we may not go for fresh buying in this range as this is still not having enough support of volume. So if prices drops back to previous supports of 1808 or 1815 we may think of buying.
Here are my trading ideas
SELL 1825 SL 1833 TP 1815
BUY 1816 SL 1806 TP 1815
SELL 1833 SL 1836 TP 1825
Please share your ideas