gold market short-term update bears maintain control

🔸Hello traders, here's a short-term gold market update, this is 2 hour price chart.
recently price action is contained within well-defined price range.

🔸Range highs set at 2050 usd, range lows set at 2015 usd, premium prices
overhead at 2055/2060 usd, below at 2010 usd. currently trading at 2033 usd
near mid-range, no trades recommended in mid-range.

🔸Short-term outlook and recommended strategy: higher risk strategy, bulls
may look for a final pump near range lows , buying near 2010/2015 usd with
SL fixed at 2000 usd, however this is a higher risk strategy. Recommended
strategy is to look for sell setups after final pump, so bears will do great
by short selling near 2050/2055 usd, SL fixed at 2065 usd, TP1 is 2020 USD
TP2 is 2000 USD. good luck, traders!

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Comment:

buying low is a higher risk trade setup fyi

Comment:

still stuck in the mid range ... no recommended trades at this price