Gold : Intraweek Technical Analysis
Gold made stayed in a rangebound zone in the start of the week and then broke the support of 1700 and went all the way till 1660. Gold is highly oversold In this range. My idea is to accumulate gold from this zone with initial selling target of 1800. Only long term entries can be made from this level. For short term trading one should wait before interest rate announcement of the USa on 21st of September.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
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.