Awaiting break out - Short Preferred for now.
Gold is trading in range inside flat channel , NFP news and US stocks moving higher suggest Gold , JPY & CHF should move lower in coming days, however most of this depends on Powell speech tomorrow, for time being we will be looking at short opportunities which we can see on rejection of descending trendline , rejection near top of channel or break below channel,
On convinving break above previous highs we will be looking to buy towards 1500
On convinving break above previous highs we will be looking to buy towards 1500
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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.