USD got weak after the news wherein Continuing Jobless Claim data hits below the consensus.
But GOLD seems to hit resistance around 1965.
If this price bounce signals a reversal, market needs to wipe out the stop losses set at the breakout point around 1950-1955.
However, should GOLD proves its strength, I think 1965 will get broken with huge volume. Otherwise, 1935 play is still on.
But GOLD seems to hit resistance around 1965.
If this price bounce signals a reversal, market needs to wipe out the stop losses set at the breakout point around 1950-1955.
However, should GOLD proves its strength, I think 1965 will get broken with huge volume. Otherwise, 1935 play is still on.
Trade active
Updated stoploss to 1966Trade closed manually
Closed at 1948
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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.