Trade recommendations
Observe strong support m, try to catch the re-test point on the levels 1403-1401 earth zone.
Gold was affected by US retail sales yesterday, and the announcement that 0.4% was higher than the expected value of 0.1% caused short-term negative gold moment . However, traders need to bear in mind that this data does not enough affect the direction of gold, nor can it affect the Fed's decision to cut interest rates.
So today we can still be bullish in the big direction of gold .We just need take note about THE BEIGE BOOK announce on 18.7.2019 , observe whether the fundamental direction is different or not .
Strategy :Buy limit around 1403 , TP:1410,1416 , SL:1400
Note: This is only for Educational Purpose this is not Investment advice
Observe strong support m, try to catch the re-test point on the levels 1403-1401 earth zone.
Gold was affected by US retail sales yesterday, and the announcement that 0.4% was higher than the expected value of 0.1% caused short-term negative gold moment . However, traders need to bear in mind that this data does not enough affect the direction of gold, nor can it affect the Fed's decision to cut interest rates.
So today we can still be bullish in the big direction of gold .We just need take note about THE BEIGE BOOK announce on 18.7.2019 , observe whether the fundamental direction is different or not .
Strategy :Buy limit around 1403 , TP:1410,1416 , SL:1400
Note: This is only for Educational Purpose this is not Investment advice