Gold Trading Strategy
Pivot: 1266.00
My preference: long positions above 1266.00 with targets at 1272.00 & 1274.00 in extension.
Alternative scenario: below 1266.00 look for further downside with 1262.00 & 1258.80 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1277.00
1274.00
1272.00
1270.50 Last
1266.00
1262.00
1258.80
My preference: long positions above 1266.00 with targets at 1272.00 & 1274.00 in extension.
Alternative scenario: below 1266.00 look for further downside with 1262.00 & 1258.80 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1277.00
1274.00
1272.00
1270.50 Last
1266.00
1262.00
1258.80
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.