GOLD Gold prices are unchanged ahead of important events taking place today and Wednesday according to the US calendar. With all the attention now on the Federal Reserve meeting on Wednesday, short positions in gold were recently hedged to take profits following the blockbuster Nonfarm Payrolls jobs report. GOLD is trading at 1957$ and is still in the middle of a triangle formation on the chart as technical analysis shows below.Price is stuck between key breakout support and resistance as illustrated in the daily and 4-hour charts above. This week's events can have the power to move the needle in one way or another.
I expect a slight bounce back to the 1965-1968 zone. Next, we will have a selling point for
GOLD Gold right in the 1965-1968 zone.Stop loss 70pips per order
Trade active
Everything still goes according to my strategyNote
In the past few hours, gold has moved slightly and is nearing the entry pointNote
Wait for the big moment comingNote
SELL 1968 => 1954. + 140pipss💰💰💰💰💰💰💰Trade closed: target reached
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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.