Gold is at 1270.00 Support.
Updated
According to the last week COT report, the dealers are highly short and 90% managed funds are long for gold. And also, XAU-USD is at monthly support level. Breaks above the monthly pivot will confirm the bull move and gold is heading to 1390.00 area this year.
Comment
This view is valid only if the price breaks above 1290 handle.Trade active
Bought Gold at 1270.00 with SL just below 1265.00.Trade active
I am going to close HALF of my positions at 1280.00, so, I don't have to worry about the rest even if I am stopped out.Comment
Half of my position is closed at 1280,00,Trade closed: stop reached
I'm stopped out. But, I buy Gold again at the Pivot of next week.Trade closed manually
Trade closed at the current level.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.