Per to Monthly Chart, since 2 years Gold is moving within tight range between levels - 1350.00 - 1150.00 - since 2 years moving. Looks attractive for many traders to start short sell but very risky from this level because if any month closed above 1350.00 will go direct to 1430 - 1480.
So better to have more patience for selling and better to wait good chance for big correction and buy it for long term from the level 1250 - 1200 as an investment Forex Trading Strategies with a minimum risk
So better to have more patience for selling and better to wait good chance for big correction and buy it for long term from the level 1250 - 1200 as an investment Forex Trading Strategies with a minimum risk
Trade closed: target reached
Gold reached the target above 1430
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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.