With the Japanese yen giving up its strength, indices failing to make a new lower low and corrected, and gold failed to break above 2010 and dig down to 1970s,
it shows that the all banking crises related fear has now priced in and market has already adjusted according to it,
We have mixed bias in gold today as market is waiting for new fundamentals and FED's interest rate decision tomorrow,
Trade idea for the day.
GOLD buys if hold above 1980 - 1981
Safe buys above 1988.5 & 1991
Gold sell if break below 1972 & 1965
high risk high reward buys @ 1958-1959
high risk high reward sells @ 2003- 2005
it shows that the all banking crises related fear has now priced in and market has already adjusted according to it,
We have mixed bias in gold today as market is waiting for new fundamentals and FED's interest rate decision tomorrow,
Trade idea for the day.
GOLD buys if hold above 1980 - 1981
Safe buys above 1988.5 & 1991
Gold sell if break below 1972 & 1965
high risk high reward buys @ 1958-1959
high risk high reward sells @ 2003- 2005