GOLD price struggles to capitalize on the previous day's solid rebound from the 100-day Simple Moving Average (SMA) support near the $1,940-$1,939 area and oscillates in a narrow trading band on Friday.GOLD currently trades near the top end of its weekly range, around the $1,965 region, nearly unchanged for the day heading into the European session.I expect gold to retest the 1955-1957 zone. then will continue the uptrend that was just established after the jobless news. My expectation is for gold to rise to 1965 and 1970 to take profits.
Stop loss placed 5 prices from the entry point.
Have a nice day.
Trade active
gold is finding our entry
Related publications
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.
Related publications
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.