I started on my plan around 3 hours ago when price was near my 1900 resistance but now it had come back down to my bias zone. I wanted to say that gold looks over-extended but in the lack of any bearish setup, we look to be going higher. But now it is back to neutral and I am leaning bearish.
Wait to see reaction.Go long only on bullish setup, targeting 1899.26-1900.96, 1909.38, 1921.2. In the event 1935.4 trade today, I think it will present a low risk sell level.
If 1886.6 breaks, look shorts to target 1876.5, 1863.84, 1853.8. 1848.00 was last week low's and if we reach here, should see a bounce.
Wait to see reaction.Go long only on bullish setup, targeting 1899.26-1900.96, 1909.38, 1921.2. In the event 1935.4 trade today, I think it will present a low risk sell level.
If 1886.6 breaks, look shorts to target 1876.5, 1863.84, 1853.8. 1848.00 was last week low's and if we reach here, should see a bounce.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.