Gold prices fell back in Asian trading on Monday, as they digested Friday's negative data. The short term may be partial shock, but the medium and long term news surface uncertainty or to provide support for gold prices, so trading ideas, retracement to do long can.
Trading Strategy:
Both 3300 and 3308 can be used to enter the long position, short-term traders can look at 3325-30, followed by 50 around.
For intermediate traders, the target sees 3365-70 unchanged, and the retracting of 3300/3310/3330 is an opportunity to go long.
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Trade closed: target reached
The target range has been reached, short traders can exit at a profit
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Related publications
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.