1/14 GOLD Analysis and Potential OppertunityAs we observed, yesterday closed with a bearish candle, and 2698 appears to be a very strong resistance level. Here’s my trading idea for today:
If the gold price fails to break and hold ABOVE 2675, I would consider a SELL.
If the gold price fails to break and hold BELOW 2667, I would consider a BUY.
Potential Trade Opportunity:
You can look for a SELL opportunity near 2675, setting the Stop Loss at 2676. The First Take Profit target would be 2668, and the Second Take Profit target would be 2663.
Disclaimer: This is solely my personal opinion and should not be considered financial advice.