Dear Traders,
Happy New Year!
Previous Trade Idea TP Hit!
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*Coming week is NFP!!*
Trade with care on Friday
Gold is bullish and sto is overbought (88.61)
Gold price in the system too high for buy trade ($25)
Current Resistance: 1831-1835
Current Support: 1816-1821
Likely to retrace to test 1st support 1816-1820. If it is no longer overbought, there is a good chance it will go up.
The next support is 1796-1803
NFP Week
Trade Idea 1
Buy: 1816-1820
TP1: 1830
TP2: Let Profit Run
SL: 1796
Trade Idea 2
Buy: 1794.40-1807.69
TP1: 1817.69
TP2: Let Profit Run
SL: 1784.40
Happy New Year!
Previous Trade Idea TP Hit!
-----------------------------------------------------------
*Coming week is NFP!!*
Trade with care on Friday
Gold is bullish and sto is overbought (88.61)
Gold price in the system too high for buy trade ($25)
Current Resistance: 1831-1835
Current Support: 1816-1821
Likely to retrace to test 1st support 1816-1820. If it is no longer overbought, there is a good chance it will go up.
The next support is 1796-1803
NFP Week
Trade Idea 1
Buy: 1816-1820
TP1: 1830
TP2: Let Profit Run
SL: 1796
Trade Idea 2
Buy: 1794.40-1807.69
TP1: 1817.69
TP2: Let Profit Run
SL: 1784.40