GOLD:
Support:
1782
1770
Resistance:
1795-97
1803-5
1816
Support:
1782
1770
Resistance:
1795-97
1803-5
1816
Quick update from us. We're already in long from yesterday where we have taken 50% of the trade and moved the stop to entry, the lowest entry remains in tact.
Where seeing some signs on Gold of a potential move to come. We're not discounting another quick flush to the downside towards that 1770 level support and then a bounce towards the upside. As many of our followers will know we have been extremely bearish on Gold from the 1960 levels making the most of the movement. We have targets above around the 1816-19 levels and we have targets below around the 1780-1775 level. We'll be looking to take smaller longs from below but what we really want is that upside move to get in short again.
We've tried to illustrate this the best we can on the chart.
We're in the last week of the month so its always best to trade with caution and protect any profits you've made during the month.
As always, trade safe.
Where seeing some signs on Gold of a potential move to come. We're not discounting another quick flush to the downside towards that 1770 level support and then a bounce towards the upside. As many of our followers will know we have been extremely bearish on Gold from the 1960 levels making the most of the movement. We have targets above around the 1816-19 levels and we have targets below around the 1780-1775 level. We'll be looking to take smaller longs from below but what we really want is that upside move to get in short again.
We've tried to illustrate this the best we can on the chart.
We're in the last week of the month so its always best to trade with caution and protect any profits you've made during the month.
As always, trade safe.
Gold....We're taking some more profits on any open longs around here
Stops to entry. Now we can let them run
Keep in mind todays analysis that has been shared. There is every chance we're going to see some wild swings in the coming sessions
Update from us. Please do give us a like 🙏
Todays news: US Session will be key today. We're approaching the last trading day of the month and the weekly is looking bullish. It looks like its going for that triple top test but this is Gold, you know how unpredictable it can be.
We've protected any positions from below and taken some profits. No more long trades up here for us at the moment unless we get a good support below and then we may add. We'll let you know
We've protected any positions from below and taken some profits. No more long trades up here for us at the moment unless we get a good support below and then we may add. We'll let you know