Friday, June 4, 2021

 As indicated yesterday USD 1855 acted as a good support during the Asian session, price then turned around to hit USD 1894 during the US session.

I did buy @1855 and close my position @1894 to then go short following the "sell on rallies strategy", however I left a tight stop order @1902.

There is no clear short term trend at the moment so that I will surely take profit in any sell-off below USD 1880 and go into a wait and see mode.

Should the price breaks 1855 to the downside the next levels of support are 1820 and 1793.

No comments:

Post a Comment

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.