After 1182 have been broken and now we look forward the gold price to 1155. 1155 is the support level to be observed, once this level is broken, it could lead the price to 1135.
Why short gold? :
1. MACD formed a bearish signal which might lead the gold price lower.
2. RSI showed bearish while oversold condition to be observed carefully.
My Short-Term Strategies:
Short gold at 1173 & take profit at 1155 with place a stop loss at 1183.
Upcoming data which may affect gold price:
1. Non Farm Payroll**
2. Unemployment Claim
3. Trade Balance
Happy trading and good luck traders :)
Why short gold? :
1. MACD formed a bearish signal which might lead the gold price lower.
2. RSI showed bearish while oversold condition to be observed carefully.
My Short-Term Strategies:
Short gold at 1173 & take profit at 1155 with place a stop loss at 1183.
Upcoming data which may affect gold price:
1. Non Farm Payroll**
2. Unemployment Claim
3. Trade Balance
Happy trading and good luck traders :)
