Gold swing trade
Gold took out equal highs around 2720 on higher timeframes. This could act as a possible liquidity grab to go short and take out buyers. BUT... we can only watch the behavior at current high against the previous high as fundamentals are king.
Technically, 2720 is a strong support and price can bounce to continue with up trend.
Technically, 2720 is a strong support and price can bounce to continue with up trend.
Trade active
Watch out for gold.Trade closed manually
FOMC news is likely to be positive or negative for gold. We stay out until the next business day for a clear market analysis.Note
Gold can be very volatile so proper risk management is encouraged.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.