Gold is bullish and sto is overbought (88.61) Gold price in the system too high for buy trade ($25) Current Resistance: 1831-1835 Current Support: 1816-1821
Likely to retrace to test 1st support 1816-1820. If it is no longer overbought, there is a good chance it will go up. The next support is 1796-1803 NFP Week
Trade Idea 1 Buy: 1816-1820 TP1: 1830 TP2: Let Profit Run SL: 1796
Trade Idea 2 Buy: 1794.40-1807.69 TP1: 1817.69 TP2: Let Profit Run SL: 1784.40