Happy New Year, fellow traders!
Gold has finally stopped after almost two weeks of rally and currently has reached a resistance. I see a potential for a sell trade with SL slightly past 1330 and TP just above 1300 to be safe.
In addition to the technical analysis, stronger US Dollar and Stoch RSI also indicate on a potential for a sell trade.
Gold has finally stopped after almost two weeks of rally and currently has reached a resistance. I see a potential for a sell trade with SL slightly past 1330 and TP just above 1300 to be safe.
In addition to the technical analysis, stronger US Dollar and Stoch RSI also indicate on a potential for a sell trade.
Trade active:
So yesterday we had a sharp upward movement but the price did not reach the SL level. Let's keep trading! :)
Trade closed: stop reached:
Ok, so Gold has reached my SL level.