The opening day of month gold is bleeding and is presently not able to sustain above 1800 level.
We have also been making new lows since morning. All this is showing the bearish pressure and this is because of the total market sentiment. These levels are very good for longterm buys and stack your gold at every dip.
As we can see gold is testing the lower boundary of value zone. Today we may also test the support at 1786. In daily candle if we close below this level then we will see more bearish pressure coming days. So be careful today as we have an important news in US session and week close. Mostly on Friday people avoid to take trade as market is volatile because of profit booking.
I suggest to BUY 1786 TP 1798 SL 1782
SELL 1813 TP 1804 SL 1820
We have also been making new lows since morning. All this is showing the bearish pressure and this is because of the total market sentiment. These levels are very good for longterm buys and stack your gold at every dip.
As we can see gold is testing the lower boundary of value zone. Today we may also test the support at 1786. In daily candle if we close below this level then we will see more bearish pressure coming days. So be careful today as we have an important news in US session and week close. Mostly on Friday people avoid to take trade as market is volatile because of profit booking.
I suggest to BUY 1786 TP 1798 SL 1782
SELL 1813 TP 1804 SL 1820
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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.
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.