gold has been sweeping liquidity and tough for most trader to trade in this range unless scalpers.
it has been sideways for the last 3 days and the range is getting smaller which is a good sign of break of structure soon.
nevertheless to take a trade at the first nreak could potentially be risky unless small range scalp.
current CMP support stands at 3010-12 whereby resistance at 3030-3032.
a break above would give a good confirmation of continuation however a break below could be a manipulation break so be mindful.
it has been sideways for the last 3 days and the range is getting smaller which is a good sign of break of structure soon.
nevertheless to take a trade at the first nreak could potentially be risky unless small range scalp.
current CMP support stands at 3010-12 whereby resistance at 3030-3032.
a break above would give a good confirmation of continuation however a break below could be a manipulation break so be mindful.
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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.