Gold tight range 1768-1773
Updated
Divergence detected, and price is trading within 1768-1773. Some risk-on sentiments in the JPY crosses, Fed chairman Powell passes some RIsk-on sentiments, see cnbc.com/2020/05/17/powell-says-jobless-rate-could-top-30percent-but-he-doesnt-see-another-depression.html
Will do a limit sell order within 1768-1773 and R1 Pivot as the SL.
Will do a limit sell order within 1768-1773 and R1 Pivot as the SL.
Trade active
Hit sell limit order at 1772.50, SL at 1775 - R2 Pivot. TP at 1700.Comment
Closed original trade, but open another trade, at 1773, and shifted the SL to 1766 as the price hit S1 pivot. Risk-on sentiments very strong in the market nowComment
Consolidating between 1731-1737, shifted order to 1742 to lock in some profit. No major news release till thur, and forecasts are bullish. Mon US indexes closed higher due to positive news on clinical moderna trials, and bullish sentiment from Fed Powell. Tue Asian session is following through the positive news.Trade closed: stop reached
Took profit at 1742
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