Yesterday the news were negative for gold. But still gold is able to increase in level because of bullish momentum. Today gold will try to test the high of 1880 and will find support at 1865 and 1858 levels. As the value zone suggests the limits are between 1850 to 1880. So we can trade short and long trades when price reaches these levels. with small stoploss.
The volume has decreased yesterday compared to past three days. So we will see the prices will continue ranging between the levels set by high volume days.
I am still bullish on gold.
Here are my trading ideas for day
SELL 1872 SL 1880 TP 1865
BUY 1858 SL 1848 TP 1868
The volume has decreased yesterday compared to past three days. So we will see the prices will continue ranging between the levels set by high volume days.
I am still bullish on gold.
Here are my trading ideas for day
SELL 1872 SL 1880 TP 1865
BUY 1858 SL 1848 TP 1868