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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
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Quad Witching day today!
GOLD - What we want to see now is if price can sustain these levels, or, if they're going to just open up 2600 regions and then make a correction. Either way, it's best to wait and see now unless you're already in long and protected, managing your trades. For us, the job is done, we've taken what we wanted out of this, tracked and traded it where ever it's gone. If there are any updates, we'll share them later.
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Price has bounced the order region slightly above where we wanted to position our longs from, however, if you got it long, we’re approaching resistance here so a pullback in 2575-70 could be on the cards.
