Not that bad. Strong sell off on gold today but, in the end, we had an intraday rally. Technical indicators are very bad but the shape of today’s candlestick is quite optimistic.
If you are bullish on gold, you can:
- Buy gold. Stop loss if new low in session (lower than Friday’s one). Target is MA7
Bears:
- Short sell gold when it hits the MA7. Target: Lower bolinger band. Stop loss if close is above the MA7
Have a good trading day
This is not advice; this is just what I would do.
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