GOLD Gold prices struggled to gain any meaningful traction on Tuesday and hovered in a narrow trading range, around 1,920$ throughout the Asian session. Meanwhile, GOLD seems to have gained acceptance above the 200-hour Simple Moving Average (SMA) for the first time since June 16 and could look to build on the recent bounce from the zone. 1,895$ area or triple and -semi-monthly bottom bottomed last Thursday.On the downside, immediate support is pegged near the 1,908$-1,910$ area ahead of the 1,900$ circle mark and multi-month lows, around the 1,893$-1,892$ area touched last week. A convincing break below will leave Gold prices vulnerable to an accelerated downward trajectory and expose the very important 200-day Simple Moving Average (SMA), currently around the 1,860$ region.
Now who can quickly buy the current price, then i expect a sell
GOLD signal around 1930. my expectation is around 1918Stop loss around 70pip per trade signal, wish us a market win
Trade active
Everything goes according to plan and to the point of entryTrade active
SELL 1930 => 1926. +40pip✅✅
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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.