Since last week I have been keeping gold from 1303 with an initial stop at 1307. In this range, there was a key margin zone of resistance, price levels and a large infusion of point volumes.
Now the price is in the area of important support with a key core volume, where the DPOC also confirms the strength of the zone. I believe that without correction thies zone will be very difficult and the general priority, so far, is down.
Now the price is in the area of important support with a key core volume, where the DPOC also confirms the strength of the zone. I believe that without correction thies zone will be very difficult and the general priority, so far, is down.
Trade active:
As shown earlier, a correctional upward movement to 1285 is expected for gold.
Further thoughts will be built on the basis of how the price will go through the zone 1285-1290 and is very possible from the specified zone, a rebound down to the continuation of the downward trend. I will monitor the response and injection volumes.
Further thoughts will be built on the basis of how the price will go through the zone 1285-1290 and is very possible from the specified zone, a rebound down to the continuation of the downward trend. I will monitor the response and injection volumes.
Trade closed: target reached
Order cancelled