Gold is within the value zone 1726 - 1736. Today we have very important news on CPI numbers (most possibly will be negative for USD). So market will be volatile in US session.
Gold may test new lows before news time. Trend is bearish. Market sentiment is still bearish. Prefer to go short over long.
Everytime gold test new low there is a price action and gold will rise around 20$ before it falls again. So we can wait until gold tests the 1716 level and BUY with small SL.
My trading idea
BUY 1716 SL 1708 TP 1732
SELL 1742 SL 1748 TP 1728
BUY 1702 SL 1696 TP 1726
BUY 1686 TP 1716
Gold may test new lows before news time. Trend is bearish. Market sentiment is still bearish. Prefer to go short over long.
Everytime gold test new low there is a price action and gold will rise around 20$ before it falls again. So we can wait until gold tests the 1716 level and BUY with small SL.
My trading idea
BUY 1716 SL 1708 TP 1732
SELL 1742 SL 1748 TP 1728
BUY 1702 SL 1696 TP 1726
BUY 1686 TP 1716
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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.