GOLD 29/05: Sell entry point for the first day of the week
GOLD
Gold prices fell below three-week descending resistance, around 1950$ at press time, after falling for the past three weeks in a row. On the other hand, a daily close below resistance turning support around 1,955$ is not an open invitation for Gold sellers as the upward sloping trendline from November 2022, near 1,935$, could challenge the bears before giving them control.
With optimism surrounding the US debt ceiling deal, coupled with key near-term technical support impending, gold sellers should be cautious ahead of the key US Nonfarm Payrolls.
BUY
GOLD
zone 1940 - 1943 Stoploss: 1935
Take Profit 1: 1948
Take Profit 2: 1953
Take Profit 3: 1948
SELL
GOLD
zone 1954-1956 Stoploss: 1960
Take Profit 1: 1950
Take Profit 2: 1945
Take Profit 3: 1940
Note: Secure TP, SL to win the market!
Сделка активна:
still in the entry point
Сделка активна:
Still on my plan, follow me to get the latest updates
BUY GOLD +30pips✅✅✅