As we can see, Gold performed so well in the last day trading.
The price went down to below the Major Support @1256, but in the end it closed above the Major Support which is also a 23.6% Fibonacci Retracement.
Right now, the price is moving to the upper ground of the Bridge Area @1264 and also maintain to moving above this area.
The Geopolitical situation is getting more intense, the North Korean started to threaten Guam and give a power for Gold to push to higher ground.
From now we can see another opportunity to set Long Position in Gold.
Right now I initiate a Long Position with Stop Loss under the 1250 area, and target around 1296.
Good luck and happy trading.
Please click " Like " if you find this analysis helpful.
Thanks!!
The price went down to below the Major Support @1256, but in the end it closed above the Major Support which is also a 23.6% Fibonacci Retracement.
Right now, the price is moving to the upper ground of the Bridge Area @1264 and also maintain to moving above this area.
The Geopolitical situation is getting more intense, the North Korean started to threaten Guam and give a power for Gold to push to higher ground.
From now we can see another opportunity to set Long Position in Gold.
Right now I initiate a Long Position with Stop Loss under the 1250 area, and target around 1296.
Good luck and happy trading.
Please click " Like " if you find this analysis helpful.
Thanks!!
Trade active:
Last time I posted this Idea.. I shared for open Long Buy Position in Gold at around 1264 to 1267..
I put my Stop Loss around 1250..
Right now, I moved my Stop Loss to profit area around 1272 to 1275..
Good luck for those who follow my trade..
Thanks and happy profit !!!
I put my Stop Loss around 1250..
Right now, I moved my Stop Loss to profit area around 1272 to 1275..
Good luck for those who follow my trade..
Thanks and happy profit !!!