Trade idea in Gold triggers
Updated
XAUUSDXAUUSDXAUUSDXAUUSDXAUUSDYesterday's video idea in Gold managed to trigger (only just!) and prices reverted lower.
We continue to prefer selling rallies on the intraday play despite being bullish over the medium/longer term.
Trade Idea
Gold - Intraday - We look to Sell at 1398 (stop at 1404)
The medium term bias remains bullish. With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals. The rally was sold and the dip bought resulting in little net change yesterday. Expect trading to remain mixed and volatile. We look for a temporary move lower.
Our profit targets will be 1386 and 1380
Resistance: 1400 / 1407 / 1420
Support: 1386 / 1380 / 1375
Trade closed: stop reached
Triggered and stopped after Powell comments
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