Gold trading plan May 16 - May 20, 2022
Gold trading plan May 16 - May 20, 2022.
gold fell to the strong support zone of the 1788 chart here, there was a correction when the gold price rebounded and met the resistance area of 1827. It is expected that gold will continue to fall to the 1803-1814 area before accumulating enough. buying power before rallying back to break 1827 area then gold will rally towards 1860 resistance area.
Conclusion: buy gold 1803
SL: 1781, TP1 1827, TP2 1846, TP3 1860
gold fell to the strong support zone of the 1788 chart here, there was a correction when the gold price rebounded and met the resistance area of 1827. It is expected that gold will continue to fall to the 1803-1814 area before accumulating enough. buying power before rallying back to break 1827 area then gold will rally towards 1860 resistance area.
Conclusion: buy gold 1803
SL: 1781, TP1 1827, TP2 1846, TP3 1860
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