Yesterday, gold prices retraced back to 1740 region. Now, as we said earlier that anyone who took a short according to previous analysis then it's a good time to take profit here.
As gold is a highly bullish pair for now. We might have to see the market reaction at these two points that if it hovers over this 1730-1740 area for some time and our strategy satisfies, then we can take a long from here. And if prices break from here then we will long again from 1710-1717 region.
IN BOTH TRADES TP WILL BE OF REGION 1760-1780.
Just, wait for an upper breakout either from 1740-1730 region or from 17010-1717 region and we are good to go long.. :)
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As gold is a highly bullish pair for now. We might have to see the market reaction at these two points that if it hovers over this 1730-1740 area for some time and our strategy satisfies, then we can take a long from here. And if prices break from here then we will long again from 1710-1717 region.
IN BOTH TRADES TP WILL BE OF REGION 1760-1780.
Just, wait for an upper breakout either from 1740-1730 region or from 17010-1717 region and we are good to go long.. :)
Follow our new facebook page here - @forexng70
Your support will motivate us!!!
STAY TUNED!!!