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GOLD IS GIVING UP ITS EARLIER GAIN
Gold Spot / U.S. Dollar
Short
GOLD IS GIVING UP ITS EARLIER GAIN
By forexorbit
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Updated
Mar 11, 2020
5
5
5
Mar 11, 2020
GOLD
Gold has rallied due to the spreading of the coronavirus.
*And reached 1700.00 historical level
*For the past one week its in consolidation phase
*The fresh stimulus package from USA will strengthen the USD
*We short the gold against USD from 1665 level which is currently a 61.8% Fibonacci level
*And the potential take profit will be 1517.00
*Stop lose may placed above 1672.00 level
*Leave your valuable comments in the comments section
Mar 11, 2020
Trade active
The upward target of +60 pips done..the selling of the gold has started
Mar 12, 2020
Trade closed: target reached
downward target reached with +200 pips
Gold
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forexorbit
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