Last night after FOMC Meeting Minutes, I took a Buy @1278 and Put my Stop Loss @1264.
I believe this Bullish Engulfing will bring Gold prices to a new high level.
At this rate FOMC is showing a dovish statement for The Fed to hike the interest rate this year.
After 2 times attempt to go for lower prices in Tuesday and Wednesday. Gold finally keep maintain it's ground above the Fib Retracement 0.236%. It can shows us that this area might be a new higher low or maybe this could be consolidating around this area before it creates a new higher high or go to below @1271.
If the 1296 breaks, I will be looking forward to maintain my Long Position to @1312.50..
Gold luck ! And happy trading..
Keep your trade safe and will be in touch soon for move the Stop Loss.
Please help me by click the " Like " button if you think this analysis helpful.
Thanks!!!!
I believe this Bullish Engulfing will bring Gold prices to a new high level.
At this rate FOMC is showing a dovish statement for The Fed to hike the interest rate this year.
After 2 times attempt to go for lower prices in Tuesday and Wednesday. Gold finally keep maintain it's ground above the Fib Retracement 0.236%. It can shows us that this area might be a new higher low or maybe this could be consolidating around this area before it creates a new higher high or go to below @1271.
If the 1296 breaks, I will be looking forward to maintain my Long Position to @1312.50..
Gold luck ! And happy trading..
Keep your trade safe and will be in touch soon for move the Stop Loss.
Please help me by click the " Like " button if you think this analysis helpful.
Thanks!!!!
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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.