The pair had a large move down inline with DOLLAR INDEX and other pairs. GOLD steady but am expecting GOLD to move lower again. 4-Hourly chart stochastic is positive and low, but daily is negative, but a doji for the close of the day.
Overall, I feel we may try higher again, but carefully pick the entry level.
Strategy BUY @ 18.1950-18.2350 and place SL below 18.1000 now. Of course, it is all about your personal situation. I may state a SL, and I may or may not maintain it or maybe even further away from my suggestions. Profit order let's say @ 18.4350.
Overall, I feel we may try higher again, but carefully pick the entry level.
Strategy BUY @ 18.1950-18.2350 and place SL below 18.1000 now. Of course, it is all about your personal situation. I may state a SL, and I may or may not maintain it or maybe even further away from my suggestions. Profit order let's say @ 18.4350.
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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.