Today is not an easy day, considering the upcoming Jackson Hole Symposium next thursday plus the fact that precious metals have been in a correcting wave that may end between 1920 and 1904 (spot), makes me believe that volatility will be the main driver in the Gold market.
I will though attempt to buy long somewhere around 1920 mid-morning using a thight SL and then see how the day ends.
Charts show some indication that momentum may be turning bullish but it is time to be careful. Price needs to make a clear move below 1900 or above 1973 to establish a new trend, otherwise price will be choppy within the large triangle shown in the chart
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Disclaimer: This site is not intended to provide professional advice nor to lead users to either copy or follow the trades herein posted, it is essentially conceived to share thoughts and ideas for non-professional traders and become a non-official knowledge base for individuals interested in testing and improving their own skills in the spot Gold market.