Hello traders, if you have been following me over the last few weeks, you already know that I sold Gold at 2004 level around a week ago when prices spiked up. Since then, I have been selling the rallies.
Profit has also been taken on the previous sell@1965 and closed at 1938.
Currently, in the 4-hour chart, the price action is still bearish. In fact, the focus has now shifted to the 1920 key level. However, I am not putting any new sells at this level. In case Gold spikes to the 4-hour resistance around 1960, I would consider placing fresh sell again.
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Lack of volume keep the price ranges low for trading, however chances of a fall to 1920 is increasing
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Still waiting to see if we can get a spike to 1958-1960
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