Gold's kind of in a funk right now, not showing a clear direction for a trade. I'm watching out for both buy and sell positions, depending on where the price decides to go. Got some support and resistance levels marked, along with potential targets. Gonna wait it out till later tonight to see how things play out before making any moves.
Looking at GBPJPY for the Asian to pre-London session today. If it jumps above 187.115, I might consider buying, and if it falls below 186.914, I could think about selling. But, it's Friday, so I'll keep it low risk since I'm not a huge fan of trading at the end of the week.
In today's analysis of gold, I'm observing the potential for an upward movement if candles close above 1973.88, targeting the area around 1987 as our TP zone. While uncertain about a possible sell, if such a scenario unfolds, I'll be monitoring the price action around 1973, considering a short position with a target around 1949.
In my analysis, I've identified a potential continuation of the uptrend with a target set at 35,000. However, in adherence to my trading rules, I am anticipating a retracement to the 33,900 region, aligning with the lower boundary of the established uptrend channel. In this scenario, I plan to initiate a position, setting my stop-loss at 33,800, and establishing...
