Here is an Update on Gold:
The pair has hit our Sell order TP & is also trading close to June 2020 support
If the pair breaks below this support then we will see it trade at lows of $1600
On the other hand if it manages to trade back above $1720 we expect it to test support resistance at $1740
NFP Report coming out today will guide gold's direction.
OUR NEW POSITIONS:
Currently @: $1694
Buy Stop @: $1720
Buy Stop TP @: $1730
Sell Stop @: $1670
Sell Stop TP @: $1660
Link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
The pair has hit our Sell order TP & is also trading close to June 2020 support
If the pair breaks below this support then we will see it trade at lows of $1600
On the other hand if it manages to trade back above $1720 we expect it to test support resistance at $1740
NFP Report coming out today will guide gold's direction.
OUR NEW POSITIONS:
Currently @: $1694
Buy Stop @: $1720
Buy Stop TP @: $1730
Sell Stop @: $1670
Sell Stop TP @: $1660
Link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
