Yesterday Gold continued to range above its local support 1838 testing the 1836 but was not able to come near the strong support at 1832.
However gold tried to breakout the 1844 resistance and made a new high of 1848 but failed the test candle. However this test candle gave a hint about the bullish pressure because of divergence (High Vol Small size compared to previous bullish candle).
Today price may continue ranging between 1838 to 1846 before it tries to breakout.
So today I suggest to buy near 1838 and SL at 1830 with TP 1846.
However gold tried to breakout the 1844 resistance and made a new high of 1848 but failed the test candle. However this test candle gave a hint about the bullish pressure because of divergence (High Vol Small size compared to previous bullish candle).
Today price may continue ranging between 1838 to 1846 before it tries to breakout.
So today I suggest to buy near 1838 and SL at 1830 with TP 1846.