It can be clearly seen that GOLD is fluctuating in a massive triangle and last time it couldn't pass the trendline resistance, now probably It will go down to absorb liquidity in support, we anticipate that level would be 1825 to 1820 zone where we want to put buy limit on that and stop loss is 1810 ,if it break next buy limit level will be 1684 the bottom of triangle which is a massive strong support however in this kind of support i prefer to put buy limit a little bit higher because massive stop orders clustered there and can reject price rapidly...
finally a sell limit on 1830 with a 10 dollar stop loss and a buy limit on 1720 and 1690 is my trading plan
please don't open any position without stop loss
in conclusion I should say that gold major trend is upward due to the massive money printing and high inflation rate.... so keep that in mind that gold can fly every moment without touching the support level please don't trade without stop loss
finally a sell limit on 1830 with a 10 dollar stop loss and a buy limit on 1720 and 1690 is my trading plan
please don't open any position without stop loss
in conclusion I should say that gold major trend is upward due to the massive money printing and high inflation rate.... so keep that in mind that gold can fly every moment without touching the support level please don't trade without stop loss