My analysis is based on the 5 min chart. Tradingview did not allow publishing of 5 min chart.
Gold price retracing back to the price range prior to the FOMC news which created great volatility on gold. For now, price reaching an area of support which I anticipate a long opportunity for us. I will be updating the progress of this trade on this post.
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Gold price retracing back to the price range prior to the FOMC news which created great volatility on gold. For now, price reaching an area of support which I anticipate a long opportunity for us. I will be updating the progress of this trade on this post.
Do drop a LIKE to support my content. Also, if you enjoy my daily updates on gold ( XAUUSD ), do drop me a FOLLOW on Tradingview. Greatly appreciated :)
Note
Price reached 1866. Another support level here. I will enter my second position here. No need to size up this trade.
Trade closed: stop reached
SL triggered at 1860.
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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.