The pair has climbed as expected, and it may even move higher, providing we can overcome 17.6450-17.6500 area. That is why am a neutral SELL because we have run up a lot, and I think OIL will recover back towards 73.50 and GOLD may stabilize above 2,630 area. The longer view is GOLD will correct towards $ 2,450.
Strategy SELL current 17.6200-17.6500 and place tight SL. Profit order somewhere 17.4950.
Strategy could also be BUY @ 17.5750 area and take profit near 17.6900 for those willing to range trade it a bit.
Strategy SELL current 17.6200-17.6500 and place tight SL. Profit order somewhere 17.4950.
Strategy could also be BUY @ 17.5750 area and take profit near 17.6900 for those willing to range trade it a bit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.