Gold Jul 18 Trading In Narrow Bands.
Updated
The yellow metal has found support above $1,950, keeping it above year-to-date lows and within sight of a record high.
But gold prices stalled around these levels, awaiting fresh signals from the central bank ahead of next week's closely watched Fed meeting. The prospect of interest rates staying higher for longer also limited the outlook for gold, as well as signs of the resilience of the US economy.
Let's wait to establish an ideal Sell point.
SELL GOLD zone 1963 - 1967
Stop Loss : 1975
Take Profit 1: 1962
Take Profit 2: 1957
Take Profit 3: 1950
Note: Installing TP SL fully wins the market and is safe in trading
But gold prices stalled around these levels, awaiting fresh signals from the central bank ahead of next week's closely watched Fed meeting. The prospect of interest rates staying higher for longer also limited the outlook for gold, as well as signs of the resilience of the US economy.
Let's wait to establish an ideal Sell point.
SELL GOLD zone 1963 - 1967
Stop Loss : 1975
Take Profit 1: 1962
Take Profit 2: 1957
Take Profit 3: 1950
Note: Installing TP SL fully wins the market and is safe in trading
Trade active
Plan +60pips
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