BUY or SELL? Not clear, just act when the time comes. No need to rush. There will be a safe price for us to use our money. In this article, I will write 3 parts: (1) Summary of February (2) Prepare for long-term orders and (3) Short-term orders. Summary of the gold trading orders in February Order 1: Sell at 1845-1840, TP 177x. Order 2: BUY from 176x, TP...
Resistance spotted at 1917 . Short at retracement and TP at first support. Cheers
Its difficult to say anything about GOLD. but, Now its a high opportunity to go for short sell on GOLD towards 1751. The SL should be 1819 and if 1819 breaks, it may lead gold to 1850 and 1880 as well. Use proper Money Management.
If we look at timeframe H4, we can see, Gold still need to complete its final wave towards 1800. Therefore, a pending sell from 1780 will be a nice idea and hold till 1734.
wait for gold to either break out and retest or hit the zone then once u see confirmation for a buy u can open a long possition
Gold is on a short term pull back on the 4H chart (RSI = 47.725, MACD = -1.250, ADX = 29.908) following the new All Time Highs on U.S. stocks and the short term rebound on the bond market. The US Dollar remains strong but a short term pull back is helping Gold to contain a bigger decline. Technically we have found similarities of the current sequence with the...
Gold has just entered today the 1,355 - 1,365 1M Resistance Zone with 1D highly overbought (RSI = 77.219) due to June's aggressive bullish run. The price is undoubtedly inflated due to the recent geopolitical tensions (U.S. - Iran) and the correlation with DXY has been broken. As soon as tensions ease, those dynamics will normalize and Gold should start moving...