Hello traders. I have marked my area of interest for gold today for potential sells. This is speculation for now and just an idea. $2390 / $2388 needs to hold as resistance for gold to push down. I will wait to see how the Pre NY volume / NY open goes today. The Pre NY volume starts in a few hours from now. I will update as we get into the trading day. Big G gets all my thanks. Happy Thursday... Be well and trade the trend.
Comment:
I would also like to add that we can easily push up today as well. If we break and close above the 2383 level on a 4 hour then we can look for a full or partial wick fill, which can be seen clearly on the daily chart. I scalp trade, so the above analysis is for a short position but I can see long scalps as well if we break above the mentioned level. Thank you so much.
Pip Whisperer