Gold Spot / U.S. DollarUpdated 1930 is the last chance for the Gold bulls
Dear traders, in my previous Gold ideas, I mentioned about selling
Gold@1966-1970 with target at 1935, As you can see, people who sold
with me made more than 300+ Pips of profit.
Currently, Gold is at a minor support level, which is the last chance for
the bulls to hold the price. If the bulls doesn't manage to defend this
level, we will see 1920 and 1890 in the coming days.
That being said, counter-trend traders can consider a small buy@1935 with
SL below the support and TP at 1965. This is a risky low-risk high-reward set-up.
Gold@1966-1970 with target at 1935, As you can see, people who sold
with me made more than 300+ Pips of profit.
Currently, Gold is at a minor support level, which is the last chance for
the bulls to hold the price. If the bulls doesn't manage to defend this
level, we will see 1920 and 1890 in the coming days.
That being said, counter-trend traders can consider a small buy@1935 with
SL below the support and TP at 1965. This is a risky low-risk high-reward set-up.
Note
1955 now, 200 pips profitNote
1964 would be the crucial test for the bullsNote
Breaking 1964 would lead to a strong rallyNote
Price is struggling at the dynamic resistance on 4H chart againNote
If bulls can’t break this, expect price to go back down againNote
Struggling at my highlighted level
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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.