Gold did fall from 3265 yesterday but did fall hard enough to break 3200. Currently it is supported by the trend line shown in chart. It is still possible the trend line to be broken although the overall trend is still bullish. Therefore, I will be trading breakout today.
1. If 3265-3270 is broken, I will buy toward 3340.
2. If trendline is broken, I will sell toward 3165.
PS: I feel gold will most likely go upward to close the Monday gap.
1. If 3265-3270 is broken, I will buy toward 3340.
2. If trendline is broken, I will sell toward 3165.
PS: I feel gold will most likely go upward to close the Monday gap.
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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.