GOLD 04/07: Continue to fluctuate

4 Jul 2023

GOLD Gold prices struggled to gain any meaningful traction on Tuesday and hovered in a narrow trading range, around 1,920$ throughout the Asian session. Meanwhile, GOLD seems to have gained acceptance above the 200-hour Simple Moving Average (SMA) for the first time since June 16 and could look to build on the recent bounce from the zone. 1,895$ area or triple and -semi-monthly bottom bottomed last Thursday.

On the downside, immediate support is pegged near the 1,908$-1,910$ area ahead of the 1,900$ circle mark and multi-month lows, around the 1,893$-1,892$ area touched last week. A convincing break below will leave Gold prices vulnerable to an accelerated downward trajectory and expose the very important 200-day Simple Moving Average (SMA), currently around the 1,860$ region.

Now who can quickly buy the current price, then i expect a sell GOLD signal around 1930. my expectation is around 1918

Stop loss around 70pip per trade signal, wish us a market win

4 Jul 2023

Dagangan aktif

Everything goes according to plan and to the point of entry

4 Jul 2023

Dagangan aktif

SELL 1930 => 1926. +40pip✅✅