Gold Idea 27 September 2019
Hi Guys,
Based on yesterday movement, we can see that gold is in the "sideways" mode. 1500 seems to be a strong support which gold failed to break for the 3rd time. Today gold might try again to break 1500 mark, where it could break and fall to 148x (purple line below) or rebound back up to resistance level (purple line above). Based on news, Core Durable Goods is predicted to be strong for USD, thus making downside more favorable.
For those who scalp, keep or set ur PO at the Green and Red line. Proper margin control is good. Keep your margin at least 1000% for current market condition.
Please "Like" if this analysis benefited you. Any comments are welcome.
Based on yesterday movement, we can see that gold is in the "sideways" mode. 1500 seems to be a strong support which gold failed to break for the 3rd time. Today gold might try again to break 1500 mark, where it could break and fall to 148x (purple line below) or rebound back up to resistance level (purple line above). Based on news, Core Durable Goods is predicted to be strong for USD, thus making downside more favorable.
For those who scalp, keep or set ur PO at the Green and Red line. Proper margin control is good. Keep your margin at least 1000% for current market condition.
Please "Like" if this analysis benefited you. Any comments are welcome.
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