The pair has kind of reached its potential I think, and from here I prefer BUY into weakness.. We are oversold and even though indicators are negative, I am worried of a spike upwards. I think it is realistic to say, when GOLD loses again its shine, it can suddenly become a reversal day for the pair.
Strategy BUY @ 18.2050-18.2575 and take profit below 18.4750 resistance.
Strategy BUY @ 18.2050-18.2575 and take profit below 18.4750 resistance.
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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.