Gold Trading

Fine. Nice session. We almost hit the level 38% of Fibonacci. Going beyond will be the next big challenge so that the median line of the grey pitchfork could be hit. Though, we will have to get rid of the 7 days moving average which blocked gold today

If you are bullish on gold, you can:
- Buy gold if it pulls back on the bottom of the grey pitchfork (buying right now would be dangerous as we face the 7MA). Target: 7MA. Stop loss: if close under the grey pitchfork

If you are bearish on gold, you can:
- 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.