GOLD: 08/06. Buyers attack!!

GOLD Gold prices attracted some buyers near the 1945$ region, representing the 100-day Simple Moving Average (SMA), during the Asian session on Thursday and recovered part of the overnight slide to the lows. lowest in a week. XAU/USD is currently trading around the 1,945$-1,948$ area and is well maintained within a familiar trading range that has been held for about three weeks.

On the downside, any meaningful upside move on the day is likely to face stiff resistance near the 1,963$-1,966$ area. A sustained strength beyond is likely to lift Gold to the next relevant hurdle near the 1983$-1985$ supply zone en route to the psychological 2000$ mark. XAU/USD can finally climb to the 2,012$-2,015$ supply zone.

I expect gold will follow my strategy and we will have sell GOLD orders around the area 1945$-1950$, and then we will have buy GOLD orders around the area 1935$-1938$

Note: Stoploss for each trade is at 50pips

Kommentera:

SELL 1948 => 1942. +60pips ✅✅✅
Congrats to those who follow my signal