Gold Trading Strategy 12/19
Yesterday's interest rate decision caused gold to break below 2600, reaching around 2580. Currently, the price has rebounded to 2610, but 2600 remains a key support/resistance level, and it’s expected that gold may test this level again.
Today's trading strategy will focus on the 2693-2623 range.
Look for shorting opportunities within the 2618-2628 range
If the price drops into the 2603-2593 range, consider going long
Today's trading strategy will focus on the 2693-2623 range.
Look for shorting opportunities within the 2618-2628 range
If the price drops into the 2603-2593 range, consider going long
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.
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.