Gold started pull back after completion of Head Shoulder.
The 1890 level is good support and helped in reversal.
Yesterday the news were also positive for gold and we are able to see this effect from today morning.
Howerver there is a good resistance at 1950. So we can expect small pull back at this level before gold goes higher.
Today gold is bullish. So go only for buy.
The important levels today are 1917-1937-1948-1972
So I suggest to go for
BUY 1930 SL 1920 TP 1948
SELL 1950-55 SL 1960 TP 1940
Yesterday gold is able to breakout the channel and will enter the value zone if it is able to break 1970 level. So expect a good reversel here.
The 1890 level is good support and helped in reversal.
Yesterday the news were also positive for gold and we are able to see this effect from today morning.
Howerver there is a good resistance at 1950. So we can expect small pull back at this level before gold goes higher.
Today gold is bullish. So go only for buy.
The important levels today are 1917-1937-1948-1972
So I suggest to go for
BUY 1930 SL 1920 TP 1948
SELL 1950-55 SL 1960 TP 1940
Yesterday gold is able to breakout the channel and will enter the value zone if it is able to break 1970 level. So expect a good reversel here.
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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.