Gold already making movement for today as expecting to move higher in future. No position will take place this day as Gold already nearly touch R2
- Short position can be tak place (High Risk)
Gold is moving in bullish movement, we can see on 1hr chart where price is moving above MA50 and moving in the upper band. Pivot suggested to buy on 1859
Quick Analysis for today
- Price is above MA50
- Symmetrical triangle continues pattern
- Price moving in the upper band
- Pivot suggest buy 1920
- SL - 1908
- TP - 1930
Happy trade everyone
Gold might be in sightway from this point, but is okay to buy now, BE CAREFUL WITH MONEY MANAGEMENT GUY, NOT A FULL MARGIN SETUP TODAY
After on Friday with Gold Raising more than 600 PIPS! per day. WE have an abnormal situation where Gold might getting retest on some kind of level
- Pivot suggest buy on 1911.5
But, we might consider to step aside this day because price is getting retest back on some kind of level.
So today not taking any position as our trading plan not to risk more than 100...
Gold is in bullsih momentum with raising 16 bars from distribution point. Gold will tak place to rasie complete to 25 bars which can clearly see on the chart which Gold will have 3 key to touch which are:
- 1950
- 1985
- 2050
