Volume is suggesting Gold has good support above 1890-1900 zone.
Past trend is suggesting Gold has strong resistance at 1960 level.
However the 1910-1920 level is very important level for bulls to go ahead.
Today Gold shall test its support near 1900 and try to break the 1920 level.
If the support fails at 1886 then we can expect reversal upto 1860 before bulls come back.
Momentum is bullish. Prefer only long trades. Go for short trades only near the Higher high.
Here are my trading suggestions
Buy 1902 SL 1892 TP 1912 (scalp)
Sell 1910 SL 1916 TP 1900 (scalp trade)
We are at very good levels for longterm shorting. However we need to wait for bearish momentum. So wait for some time. For today bearish momentum is confirmed only below 1888.
Past trend is suggesting Gold has strong resistance at 1960 level.
However the 1910-1920 level is very important level for bulls to go ahead.
Today Gold shall test its support near 1900 and try to break the 1920 level.
If the support fails at 1886 then we can expect reversal upto 1860 before bulls come back.
Momentum is bullish. Prefer only long trades. Go for short trades only near the Higher high.
Here are my trading suggestions
Buy 1902 SL 1892 TP 1912 (scalp)
Sell 1910 SL 1916 TP 1900 (scalp trade)
We are at very good levels for longterm shorting. However we need to wait for bearish momentum. So wait for some time. For today bearish momentum is confirmed only below 1888.