Today is a calm day, no economic calendars, nothing special, best opportunity for governments tweets, breaking news about Viruses, Goldman etc.
we are still in a darkness for gold, but there is a sells of hope.
as you see the price is still holding its bearish movement after NFP on Friday, there is not enough range for retracement above 1855.60 , so it may continiue to hold its bias.
I am expecting some breaking news to drop GOLD.
for swingers, its not recomended to sell now, but for smart traders who are accepting several attempts its not bad.
I myself waiting for candle closure below 1849.56 then i short gold, it may form a new resistance around this area, so please do a risk free after around 20 pips,if your risk free hit, just wait for second attempt after forming the new resistance i mentioned. then go shorts again with lower stoploss (i myself use the same SL price to avoid slippage and market Grab).
lets see how the market goes.
we are still in a darkness for gold, but there is a sells of hope.
as you see the price is still holding its bearish movement after NFP on Friday, there is not enough range for retracement above 1855.60 , so it may continiue to hold its bias.
I am expecting some breaking news to drop GOLD.
for swingers, its not recomended to sell now, but for smart traders who are accepting several attempts its not bad.
I myself waiting for candle closure below 1849.56 then i short gold, it may form a new resistance around this area, so please do a risk free after around 20 pips,if your risk free hit, just wait for second attempt after forming the new resistance i mentioned. then go shorts again with lower stoploss (i myself use the same SL price to avoid slippage and market Grab).
lets see how the market goes.
Note
On the way homeTrade closed: target reached
TP HIT ;)
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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.