Should go 1457.x and then Long/short (Depends on Trade War news)
Updated
Scenario 1: If US-China deal decision delay
- In this case Scenario 1 will happen. So Gold will come down to test around 1457.x level and if it cannot break then it will go up to around 1465.x
- So once it reach to 1457 level I'll take profit or make SL to break even depends on the US China Trade deal news
Scenario 2: Any positive progress on Trade deal
- In this scenario after touching 1457 level it will again go down around 1450 level
- I'll take profit in around 1450 level
But in both cases it will go down to 1457.x level
- In this case Scenario 1 will happen. So Gold will come down to test around 1457.x level and if it cannot break then it will go up to around 1465.x
- So once it reach to 1457 level I'll take profit or make SL to break even depends on the US China Trade deal news
Scenario 2: Any positive progress on Trade deal
- In this scenario after touching 1457 level it will again go down around 1450 level
- I'll take profit in around 1450 level
But in both cases it will go down to 1457.x level
Trade closed: target reached
TP1 hit ... seems like scenario 1 is likely to happen ... so openned buy now.. Target 1460.x
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.