Gold Spot / U.S. DollarUpdated GOLD SCENARIO
BULLISH SETUP: LONG AROUND 1220 (RANGE HIGH)
BEARISH SETUP: SHORT AROUND 1245 (RANGE LOW)
STOP: ABOVE/BELOW THE RANGE
BEARISH SETUP: SHORT AROUND 1245 (RANGE LOW)
STOP: ABOVE/BELOW THE RANGE
Note
Minor support around 1220 area has been holding since yesterdayNote
ABOUT TO TEST 1220 AREA ONCE MORE AFTER YELLEN'S TESTIMONYWILL IT HOLD OR FAIL TO SUPPORT?
Note
Minor support @ 1220 still holding the marketI don't see strong bullish impulsive moves yet but it is doing its job so far
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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.