Gold swing trade

٢٦ يناير

Gold took out equal highs around 2720 on higher timeframes. This could act as a possible liquidity grab to go short and take out buyers. BUT... we can only watch the behavior at current high against the previous high as fundamentals are king.
Technically, 2720 is a strong support and price can bounce to continue with up trend.

٢٧ يناير

تم فتح الصفقة

Watch out for gold.

٢٩ يناير

تم إغلاق الصفقة يدويًا

FOMC news is likely to be positive or negative for gold. We stay out until the next business day for a clear market analysis.

٢٩ يناير

ملاحظة

Gold can be very volatile so proper risk management is encouraged.