Gold recovered to nearly 3340 yesterday after a sharp decline at the end of last week. But gold then declined again as the market digested positive signals from the US-China trade talks. There is no important economic data released from the US today, investors continue to monitor the developments of the US-China trade talks and CPI data released on Wednesday.
After falling to test the broken down channel, gold rebounded to near 3340. It is currently declining again, but is still moving steadily above the psychological support zone of 3300. In the European session, you can buy gold again when approaching this support zone again. Or you can sell according to the two resistance zones above.
After falling to test the broken down channel, gold rebounded to near 3340. It is currently declining again, but is still moving steadily above the psychological support zone of 3300. In the European session, you can buy gold again when approaching this support zone again. Or you can sell according to the two resistance zones above.
Trade active
You can sell scalping in the area 3340 - 3342. SL 3346Trade closed: target reached
Plan Sell +100pips. Greatttt !!!
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Related publications
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.