Gold price yielded a weekly close above the all-important 200-Daily Moving Average (DMA) at $1,922 on Friday, opening doors for more gains.
However, Gold buyers need to scale a powerful resistance aligned at $1,1932, the 50 DMA, to confirm a bullish reversal from three-week lows.
The psychological $1,950 level will be next on Gold buyers’ radars. Ahead of that, the downward-sloping 100 DMA at $1,946 could protect the upside.
Alternatively, Gold price could see a pullback toward the 200 DMA at $1,922 if it fails to reclaim the 50 DMA barrier at $1,932. At that level, the 21 DMA coincides.
Set up gold
Gold buy now 1929
Buy limit 1920
Target 1942
Target 1956
Target 1973
👉 wish trader to manage your account well
👉 Take small lots with money management
👉Take small stoploss and big take profit according to your capital
👉 The winner is who have patients
However, Gold buyers need to scale a powerful resistance aligned at $1,1932, the 50 DMA, to confirm a bullish reversal from three-week lows.
The psychological $1,950 level will be next on Gold buyers’ radars. Ahead of that, the downward-sloping 100 DMA at $1,946 could protect the upside.
Alternatively, Gold price could see a pullback toward the 200 DMA at $1,922 if it fails to reclaim the 50 DMA barrier at $1,932. At that level, the 21 DMA coincides.
Set up gold
Gold buy now 1929
Buy limit 1920
Target 1942
Target 1956
Target 1973
👉 wish trader to manage your account well
👉 Take small lots with money management
👉Take small stoploss and big take profit according to your capital
👉 The winner is who have patients
註釋
Hold your buy trades註釋
Buy limit 1920 and hold on註釋
Gold will fly soon註釋
Hold it註釋
Let's do good profit註釋
30 pips running註釋
Keep hold註釋
1933 done running 40 pips
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