GOLD Gold prices rallied to refresh the day's high as buyers celebrated a two-day winning streak, after refreshing a 10-week low. In doing so, XAU/USD doesn't justify the latest DXY rally but cleverly cheers falling Treasury yields.Gold prices edged higher past resistance turned support at 1,955$ including the 5-DMA and the previous monthly low.
GOLD bounce also broke through the immediate support of 1,975$ including the 23.6% Fibonacci in one day to further convince the commodity bulls.
I would consider selling
GOLD at 1963-1965 Stoploss 1975
My own expected return is 1958-1952-1945
What do you think? Please comment to let me and everyone know.
And fully install TP, SL to win the market!
Trade active
Stay tuned and wait for me to update the market as soon as possibleTrade active
The entry point is being activatedNote
SELL GOLD 1965 => 1961. +40pips✅✅Trade closed: target reached
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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.