Gold Wednesday Trading Strategy
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With the release of cpi data, gold fell from 2185 to around 2150.
Tomorrow, gold will be supported at 2165-2168/2170-2174 above and 2145-2141/2132-2136 below. I think gold will break through above and then fall. We can rely on the upper pressure point to sell gold. Buy gold at the pressure point below.
sell 2165-2168/2170-2174
buy 2145-2141/2132-2136
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The price is approaching the sell zone. I think our trade is about to be profitable
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