Get started
CFDs on Gold (US$ / OZ)
Long

GOLD 26/05: Recovery momentum for the weekend!

By SupperTrading-FX
Updated
GOLD Gold price extended its downtrend below the immediate support of 1,930$ during the Asian session. Earlier, the precious metal showed a vertical decline after sliding below the 1,955$ cushion as the US economy was moving closer to default amid a divergence in views on the budget between the two countries.

Gold price has turned out of balance after breaking the consolidation formed in the 1,950-1,980$ range on the daily scale. The precious metal has moved into bearish territory and is expected to find support near the mid-month high at 1,915$.

BUY GOLD zone: 1935 - 1938

Stoploss : 1928

Take Profit : 1942
Take Profit : 1947
Take Profit : 1953

Note: Preset TP,SL to beat the market!
Trade active
Comment
BUY GOLD 1936 => 1948. +120pips ✅✅✅
Trade active
Still following the trend
bigwinbuygoldforeverFundamental Analysisfundamental-analysisTechnical IndicatorslimitlesslifeskillsnolossesnostoplosstehnicalanalysistraderlifestyleTrend Analysistrendtrading
SupperTrading-FX

Related publications

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.