Gold is ranging since opening on Monday. However it is still witin the channel and is failing to break the trend line near 1930. If price breakout this trend line then the next resistance is 1948. If price is not able to break the trend line then it will continue ranging between 1915 and 1930 levels.
So we may go for small buy orders near 1915 and sell orders near 1930 with small SL.
Here are my ideas.
Buy 1915 SL 1905 TP 1926
Sell 1928 SL 1934 TP 1918
The important levels today are 1914-1932-1948
Trend is bearish. So go for sell near resistance.
So we may go for small buy orders near 1915 and sell orders near 1930 with small SL.
Here are my ideas.
Buy 1915 SL 1905 TP 1926
Sell 1928 SL 1934 TP 1918
The important levels today are 1914-1932-1948
Trend is bearish. So go for sell near resistance.
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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.