Gold Spot / U.S. Dollar
Short
Updated

GOLD IS GIVING UP ITS EARLIER GAIN

165
GOLD
Gold has rallied due to the spreading of the coronavirus.

*And reached 1700.00 historical level

*For the past one week its in consolidation phase

*The fresh stimulus package from USA will strengthen the USD

*We short the gold against USD from 1665 level which is currently a 61.8% Fibonacci level

*And the potential take profit will be 1517.00

*Stop lose may placed above 1672.00 level

*Leave your valuable comments in the comments section
Trade active
The upward target of +60 pips done..the selling of the gold has started
Trade closed: target reached
downward target reached with +200 pips

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.