First off, I am a fan of Long position on Gold as you can see my previous idea that my long term target is 14XX
Tomorrow is big day because Gold is facing the resistance right now around 1375 same high last month twice times and both were rejected.
This is the third time Gold is going to have another try,
My prediction is that
In case if, Gold will pull back ofcourse for whatever reason to 1357-1355 then I will open some buy position there.
I don't know which way the gold price will go first 1375 or 1355, but my point of view is Gold is a little too early to go above 1390.
Tomorrow is big day because Gold is facing the resistance right now around 1375 same high last month twice times and both were rejected.
This is the third time Gold is going to have another try,
My prediction is that
In case if, Gold will pull back ofcourse for whatever reason to 1357-1355 then I will open some buy position there.
I don't know which way the gold price will go first 1375 or 1355, but my point of view is Gold is a little too early to go above 1390.
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The price did not go up as I expected and did not go down to 1357-1355 before the minute of NFP. it was only around 1360 at 5 minute before NFP.
i did have some quick profit out of this trade though.
i did have some quick profit out of this trade though.
