Phenol_fx

GOLD 25/07: Signals for a new day

Long
Phenol_fx Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
GOLD Gold prices reversed from two-week lows, catching up with a four-day downtrend, as China and central bank stimulus news boosted sentiment and GOLD prices. In doing so, GOLD traders portray the market's cautious optimism ahead of this week's top data/events.

That said, headlines boosting hopes of China's stimulus measures and banking intervention from Beijing seem to underpin optimism in the Asia-Pacific region. However, mixed concerns about the previously released PMIs and central bank actions seem to spur the bulls of GOLD.
Comment:
The entry point is almost here, everyone pay attention
Comment:
The first strategy didn't work out. I will fix it

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