Gold has been in a 100 pip range for the whole week so far (2636-2646) despite news events that have favoured the USD.
With rejections of 2640 support getting stronger my bias is still BULLISH albeit only slightly leading into NFP on Friday.
Trade ideas for today and tomorrow:
Bullish:
- 2655 buys
- 2670 safest buys
Overall target being between 2685-2700s depending on news and momentum
Sells:
- ONLY if we see a break and close below 2631 we could retest the weekly low of 2623 before reassessing however given how many rejections we have had so far of 2640 I believe this would only happen with fundamental input.
As always DONT OVER TRADE, and trade what you see not what you want.
With rejections of 2640 support getting stronger my bias is still BULLISH albeit only slightly leading into NFP on Friday.
Trade ideas for today and tomorrow:
Bullish:
- 2655 buys
- 2670 safest buys
Overall target being between 2685-2700s depending on news and momentum
Sells:
- ONLY if we see a break and close below 2631 we could retest the weekly low of 2623 before reassessing however given how many rejections we have had so far of 2640 I believe this would only happen with fundamental input.
As always DONT OVER TRADE, and trade what you see not what you want.
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.