Gold Analysis 31.12.2021
As we can see yesterday and day before yesterday there was SL hunting. Now Gold resumed its bullish momentum and is at a weekly high (may be monthly high too).
Scenario 1: Gold may go to shoot 1828 level keeping in view of the rising Covid cases.
Scenario 2: Now it can come retest the 1808 levels before it goes to touch the next level of 1828 keeping in view of the low volumes in market. Because touching a new higher high will need more volume which is only done by Banks in US
So the best trades for today will be to short at higher high or long at higher low.
Please share your comments and wish you Happy New Year
Scenario 1: Gold may go to shoot 1828 level keeping in view of the rising Covid cases.
Scenario 2: Now it can come retest the 1808 levels before it goes to touch the next level of 1828 keeping in view of the low volumes in market. Because touching a new higher high will need more volume which is only done by Banks in US
So the best trades for today will be to short at higher high or long at higher low.
Please share your comments and wish you Happy New Year
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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.