gold price showed upward trend on wednesday after powell made a negative statement on negative intrest rate ,the gold price fell by 10 dollar in short term but it recovered in late trading and finally closed above 1710 so from the point of view H1 and H4 bollinger middle rail 1705 and 1710 form short support ,short term pressure level 1720 ,from D1 point of view gold price strong pressure level 1730/35 and strong support level 1680/70 .
TRADING RECOMENDATIONS
1; if gold price does not fall below 1705 then trade buy order otherwise sell.
2; if gold price does not cross 1720 then trade sell order otherwise buy
3; gold price trades buy order around 1695
good luck safe trading
TRADING RECOMENDATIONS
1; if gold price does not fall below 1705 then trade buy order otherwise sell.
2; if gold price does not cross 1720 then trade sell order otherwise buy
3; gold price trades buy order around 1695
good luck safe trading