Gold Trading

Gold is still trying to get rid of the black channel but failed today...Technical indicators are getting much better though.

If you are bullish on gold, you can either:
- Buy gold as close as possible to m20. Target: 1142. Stop loss in case gold close below m20
- Buy gold when it hits the bottom of Andrews pitchfork (stop loss if close under the pitch fork). Target is the median line
- Buy gold when it pulls back on m7. Stop loss: close under m7. Target: m20


Bears:
- Short sell gold when it hits the black channel. Target m7. Stop loss if close is above the black channel
- Short sell when gold hits the supertrend. Target: m20. Stop loss if close above supertrend

Have a good trading day


This is not advice, this is just what I would do.