For now market is moving in a range but we can see a small opportunity at here.
Gold is approaching a key resistance zone between 2,917 and 2,920. If the price breaks above this level, it may continue rising toward the uppar resistance that is 2927.
If the price doesn't sustain it self at there this means that the buyers may gain control, pushing gold higher till the supply zone i.e 2,937 to 2,940. We can take our Buy entry from this point till the supply zone.
Gold is approaching a key resistance zone between 2,917 and 2,920. If the price breaks above this level, it may continue rising toward the uppar resistance that is 2927.
If the price doesn't sustain it self at there this means that the buyers may gain control, pushing gold higher till the supply zone i.e 2,937 to 2,940. We can take our Buy entry from this point till the supply zone.
Trade active
market break the support area and asian potential is too hard to stop and we take sell from here but bull flag hit stop loss follow my chart for more updates on gold
follow risk managemenet
Trade closed: stop reached
idea updae stop loss hit but next setup is recovery done with 200 pips Disclaimer
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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.