My Intraday trading idea: Gold has broken upwards since my previous idea, and has moved into a pinched position between 1814+ held for 106 hours and an bullish uptrend for the past 37 hours.
If the price closes lower than the 37 hour trend line, as well as the SMA20, it could signal a bear for some hours or more. If Gold push itself upward above yesterday's high (1813+) that would also place the price action riding above the SMA20, it would signal a bull push for the 1814 resistance.
From a close above 1814+, further upside or a drop will need analyzing at that stage.
💡A stop loss is a preventative measure from loosing everything! Use it!
Hope you all trade like Kings 👑 and take responsible risks!
If the price closes lower than the 37 hour trend line, as well as the SMA20, it could signal a bear for some hours or more. If Gold push itself upward above yesterday's high (1813+) that would also place the price action riding above the SMA20, it would signal a bull push for the 1814 resistance.
From a close above 1814+, further upside or a drop will need analyzing at that stage.
💡A stop loss is a preventative measure from loosing everything! Use it!
Hope you all trade like Kings 👑 and take responsible risks!