Gold was quite mad yesterday. After touched a new ATH of 3167, it quickly dropped more than 1k pips to 3155 and went back another 800pips to 3135. Finally it closed the day above 3110.
While in smaller timeframes it showed bearish signals, in 12hrly TF, it is above EMA and daily support of 3105. I will be cautious about trading today as it is NFP today.
In short, I will trade breakout today. If 3137 is broken, i will buy towards 3175. If 3105 is broken, I will sell towards 3137.
While in smaller timeframes it showed bearish signals, in 12hrly TF, it is above EMA and daily support of 3105. I will be cautious about trading today as it is NFP today.
In short, I will trade breakout today. If 3137 is broken, i will buy towards 3175. If 3105 is broken, I will sell towards 3137.
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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.