GOLD (July 5) Testing Resistance in quiet Holiday trading
Spot gold prices are holding on to modest gain in a quiet trading session Tuesday as U.S. markets are closed for Independence Day. Gold remains in a downtrend, but with support below $1.900 looking solid, an upside attempt to challenge resistance in the $1.931-36 area could be seen.
Although gold prices remain in a downtrend, some analysts are expecting gold and silver to test near-term resistance levels after holding support at $1,900 an ounce last week. Spot gold last traded at $1,929 an ounce, up 0.38% on the day.
Although gold prices remain in a downtrend, some analysts are expecting gold and silver to test near-term resistance levels after holding support at $1,900 an ounce last week. Spot gold last traded at $1,929 an ounce, up 0.38% on the day.
Comment:
⭐️Make a trading plan:
✅Sell the $1,926-$1,923 range when the price hits the resistance area.
✖️Stoploss: $1,930.
AND ALWAYS REMEMBER WHAT YOU NEED TO DO IS MANAGE RISK. GOOD LUCK !!!
✅Sell the $1,926-$1,923 range when the price hits the resistance area.
✖️Stoploss: $1,930.
AND ALWAYS REMEMBER WHAT YOU NEED TO DO IS MANAGE RISK. GOOD LUCK !!!
Trade closed: target reached:
🟢Signal of successful operation !!!
✅Sell the $1,941-$1,938 range when the price hits the resistance area.
✖️Stoploss: $1,945.