Hello traders. What a week it was for Gold. Taking a look at the 4 hour chart for today into tomorrow I have marked my area(s) of interest . We have open waters if we break and close above the 2184 / 2195 area. Gold can easily hit $2400 this year. Saying that, after 7 days or so of green Daily candles, I am waiting for a pullback. Gold could push up to take out some short positions but that is speculation. $2184.69 is The Area To Watch... A break above or a rejection area... Let's see how things play out. Big G gets a shout out as usual. Very thankful.
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We are pproaching $2185, which is my area of interest. I took a scalp buy on this 5 minute chart. 50 pips or so in profit as of this writing. See my narrated posts on Instagram @ Musclemilk0075
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XAU / USd 30 Min Chart . We pushed up, dropped down and formed support where I took the Buy at 2178.26. 35 pips in profit as of this writing. As long as 2181.04 area holds as support we can push up towards 2190. Let's see how it plays out.
Pip Whisperer