Should go 1457.x and then Long/short (Depends on Trade War news)
Scenario 1: If US-China deal decision delay
- In this case Scenario 1 will happen. So Gold will come down to test around 1457.x level and if it cannot break then it will go up to around 1465.x
- So once it reach to 1457 level I'll take profit or make SL to break even depends on the US China Trade deal news
Scenario 2: Any positive progress on Trade deal
- In this scenario after touching 1457 level it will again go down around 1450 level
- I'll take profit in around 1450 level
But in both cases it will go down to 1457.x level
- In this case Scenario 1 will happen. So Gold will come down to test around 1457.x level and if it cannot break then it will go up to around 1465.x
- So once it reach to 1457 level I'll take profit or make SL to break even depends on the US China Trade deal news
Scenario 2: Any positive progress on Trade deal
- In this scenario after touching 1457 level it will again go down around 1450 level
- I'll take profit in around 1450 level
But in both cases it will go down to 1457.x level
Trade closed: target reached:
TP1 hit ...
seems like scenario 1 is likely to happen ... so openned buy now.. Target 1460.x
seems like scenario 1 is likely to happen ... so openned buy now.. Target 1460.x