Trade Idea:
Gold is once again back at key support level ahead of Powell's testimony and CPI report. With volatility expected to increase in the second of this trading week, there's a high probability that gold could bounce back to major resistance again.
Trade Details:
Positioning: Long
Time frame: 1H
Length of Trade: 2 Days to 1 week
Entry: Between 1392.00 to 1387.00
Stop: 1380.00
Exit: 1435.00
Gold is once again back at key support level ahead of Powell's testimony and CPI report. With volatility expected to increase in the second of this trading week, there's a high probability that gold could bounce back to major resistance again.
Trade Details:
Positioning: Long
Time frame: 1H
Length of Trade: 2 Days to 1 week
Entry: Between 1392.00 to 1387.00
Stop: 1380.00
Exit: 1435.00
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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.
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.