Gold Trade Idea
Gold Update
- Since my last post Gold did follow my plan and led to a significant move to the upside.
- Remember we don't trade any patterns my conviction was based on merging Fundamentals along with technical analysis.
- The Global Scenario for gold looks bullish and commodities overall will remain bullish in a market where we have chances of the war getting escalated.
- DXY too will be important to be observed before trading Commodities because DXY has stayed calm since 3 weeks.
- Trading aggressively this week will only result in leaked gains and losses.
- The mentioned Red Zone will be an important area to catch a gold short ONLY if you see a good rejection or else let it hover around. (2100-2150 is a strong supply zone).
- Since my last post Gold did follow my plan and led to a significant move to the upside.
- Remember we don't trade any patterns my conviction was based on merging Fundamentals along with technical analysis.
- The Global Scenario for gold looks bullish and commodities overall will remain bullish in a market where we have chances of the war getting escalated.
- DXY too will be important to be observed before trading Commodities because DXY has stayed calm since 3 weeks.
- Trading aggressively this week will only result in leaked gains and losses.
- The mentioned Red Zone will be an important area to catch a gold short ONLY if you see a good rejection or else let it hover around. (2100-2150 is a strong supply zone).
Penafian
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