As we saw yesterday Gold dropped down side to 1773.00 due to USD strengthen, but soon it recovered to the price of 1780.00 again, in this situation we suggest that traders should wait for a clear signal or clear support and resistance level in daily chart and H4 chart. In the mean while if we see on M15 Chart, we look Gold movement to 1790.00 or 1795.00
On the other side if we see Gold long term trend, then Gold looks going down to 1600.00 or 1560.00. Since there are two types of traders in the forex market, one who trades for short time and the other who trades for long time, we post analytics for both types of traders on this site. We advise you to trade by setting proper stop loss and take profit to avoid losses.
Short Trade Buy Gold at 1780.00 TP 1790.00 , 1795.00 or 1807.00 Stop Loss 1755.00
Long Term Trade Sell Gold at 1790 or 1780 TP 1600.00 Stop Loss 1870.00
Use small lots for better results. Avoid gambling in Forex Market.
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