gold daily analysis 31 march 2022
Gold shifted below the value zone and tested the upper boundary at 1932.
Gold is range bound between 1916 and 1932 now.
It has to break one of these levels to test new high or lows.
The next high is 1948. However the higher low will be 1904 if it closes below 1916.
The important levels are 1904-1916-1922-1932-1948
My trading suggestion for today
Sell 1932 SL 1940 TP 1904
I am neutral today and will need the confirmation on trend after NFP tomorrow.
Today and tomorrow we will see more volatility (month end, week end, nfp)
Dont go for longterm trades and scalp with small SL
Gold is range bound between 1916 and 1932 now.
It has to break one of these levels to test new high or lows.
The next high is 1948. However the higher low will be 1904 if it closes below 1916.
The important levels are 1904-1916-1922-1932-1948
My trading suggestion for today
Sell 1932 SL 1940 TP 1904
I am neutral today and will need the confirmation on trend after NFP tomorrow.
Today and tomorrow we will see more volatility (month end, week end, nfp)
Dont go for longterm trades and scalp with small SL
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