After a fail to break down 2880 level GOLD recovered the 2900 level. Will be looking for a pullback to act as support so we can enter long.
Possible SL 2890
The 4h 200ma served as a perfect support for price on the 28th Feb, also worth notice that price could actually touch the MA again around the 2880 level. Will come down as to how the price action develops at 2900 level. We have CPI coming out in a few minutes that might give a help determining whats gonna happen.
Will be updating
Possible SL 2890
The 4h 200ma served as a perfect support for price on the 28th Feb, also worth notice that price could actually touch the MA again around the 2880 level. Will come down as to how the price action develops at 2900 level. We have CPI coming out in a few minutes that might give a help determining whats gonna happen.
Will be updating
Trade active
Entering here at 2919.20 with small position. SL 2912.5
TP 2950
Would still like to see price pullback to at least 2906 but we might not get it. On 15min chart, we just got a nice bullish candle that might just break the local resistance at 2918. Lets see how it behaves now as support.
Note
Glad i got in. running at 2934. Great upward momentum. Note
Closing partial profits here at 2935SL on the remaining position changed to 2925
Trade closed: target reached
Closing remaining position at 2944. We have PPI and initial jobless claims coming in in less than 2hours. Great trade once again!
Note
Bearish news for Gold, but price did reach our final TP at 2950. Tariffs war and ukraine-russia war are bringing a lot of uncertainty to the markets.
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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.