GOLD Gold prices attracted some buyers near the 1945$ region, representing the 100-day Simple Moving Average (SMA), during the Asian session on Thursday and recovered part of the overnight slide to the lows. lowest in a week. XAU/USD is currently trading around the 1,945$-1,948$ area and is well maintained within a familiar trading range that has been held for about three weeks.On the downside, any meaningful upside move on the day is likely to face stiff resistance near the 1,963$-1,966$ area. A sustained strength beyond is likely to lift Gold to the next relevant hurdle near the 1983$-1985$ supply zone en route to the psychological 2000$ mark. XAU/USD can finally climb to the 2,012$-2,015$ supply zone.
I expect gold will follow my strategy and we will have sell
GOLD orders around the area 1945$-1950$, and then we will have buy GOLD orders around the area 1935$-1938$Note: Stoploss for each trade is at 50pips
Note
SELL 1948 => 1942. +60pips ✅✅✅Congrats to those who follow my signal
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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.