Gold prices started the week on a positive note and looks set to bounce slightly on Friday from the 1,915$ region, or the lowest since March 16. GOLD trades around the 1,930$ region. , up nearly 0.35% on the day, despite lack of follow-up and still below the 100-day SMA.
Gold price demonstrated a severe decline after breaking out of the Descending Triangle, which is a volatile narrowing chart pattern, formed on a four-hour scale. The breakdown of the aforementioned chart pattern is followed by wider ticks and high volume
Gold price saw selling pressure around the 1918$ level during the European session. The precious metal’s short-term pullback is over and it is expected to fall back to the intraday low at 1915$
Gold will bounce slightly around 1932. For sure I expect a short in 1931-1934. My expectations will be around 1918$. This week I believe will be volatile, but let’s unite to win together
Stop loss around 70pip for each trade signal. Happy new week everyone
7 hours ago
Trade active:
SELL 1933 => 1929. +40pips✅✅YEAHHH✅
3 hours ago
Trade active:
Round 2
SELL 1933 => 1927. +60pips✅✅BIGWIN✅
3 hours ago
Trade closed: target reached:
SELL 1932=>1932. +100pips✅✅✅