Gold was very bearish last week and bulls did not show any day. Every day closed in red. But presently gold is near key support. So we can take some risk and go long.
This is Fib 50 percent level and in buying zone. If this level fails then Gold will go further down near 1720 level. But we can expect small rebound at present level.
This week is very crucial as we have interest rates. So we can expect volatility before news.
Today we have important news in US time. So we will know if bulls show up or fail in US session.
BUY STOP 1752 SL 1742 TP 1772
This is Fib 50 percent level and in buying zone. If this level fails then Gold will go further down near 1720 level. But we can expect small rebound at present level.
This week is very crucial as we have interest rates. So we can expect volatility before news.
Today we have important news in US time. So we will know if bulls show up or fail in US session.
BUY STOP 1752 SL 1742 TP 1772
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.