This week promises to be quite eventful in the markets with Donald Trump taking office on January 20th. Initially, we can expect a strong USD until the markets stabilize.
For our chart this week, I've highlighted both the upside and downside. My plan is to monitor the market opening during the Asian session. If there isn't a sudden spike, I would consider entering a buy at 2704, targeting 2717 to 2720 as the first resistance. If this level is broken, I'll add at 2720 and trail.
On the downside, I'll enter a sell at 2696, aiming for 2694 and 2684 as the first resistance levels.
Chart is 1 hour ill update as the week progresses.
Check out my other gold idea for a long position after pullback
Trade safe
For our chart this week, I've highlighted both the upside and downside. My plan is to monitor the market opening during the Asian session. If there isn't a sudden spike, I would consider entering a buy at 2704, targeting 2717 to 2720 as the first resistance. If this level is broken, I'll add at 2720 and trail.
On the downside, I'll enter a sell at 2696, aiming for 2694 and 2684 as the first resistance levels.
Chart is 1 hour ill update as the week progresses.
Check out my other gold idea for a long position after pullback
Trade safe
Note
Sell level ran 66 pips , Buy level ran 98 pips , am still in my buys from entry will hold Note
Buy from 2704 ran 290 pips , expecting a pull back to 2722 and rejectTrade closed: target reached
Gold ran 511 pips from entry , closing out now expecting a pull back ill post the next trade Sunday evening 
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Related publications
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.