Here we can see clearly the next move for gold on H2 time frame we're using for a clearer view of our analysis, baring in mind its Nonfarm Payrolls today at 1:30 pm (+01:00, BST), so we need to be very cautious trading during those hours as we can't predict the market manipulation, spikes & so on.
Gold was up $22.1 to $1868.7. The precious metal was above its 20D MA ( @ $1845) & below its 50D MA ( @ $1895).
Keep a close eye on Gold, world's no1 precious yellow metal, happy PIP hunting traders.
Gold was up $22.1 to $1868.7. The precious metal was above its 20D MA ( @ $1845) & below its 50D MA ( @ $1895).
Keep a close eye on Gold, world's no1 precious yellow metal, happy PIP hunting traders.
Trade active
Here we can see clearly our 1st TP was hit on 04/06/2022, we'll be aiming for our TP2 by next trading week. We'll be looking for more Gold analysis in coming days, weeks & months, because we've noticed gold works clean & smooth over summer months, hence its the perfect times to scalp, intraday or swing trade the XAUUSD.
Well done to whoever took the trade with us & happy PIP hunting traders.
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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.