Yesterday gold made high near 2009 but was not able to close above 2k level in 4 hours chart. For now the volume is stable and gold is moving in lower channel.
Today is Friday and we can expect high volatility. I suggest to go long with small stop loss near 1980. We expect gold to close above 2k and test the resistance 2020.
My trading plan
BUY 1980-1985 SL 1968 TP 2020
However in daily chart I can see there is a big chance for reversal. So if gold fall below 1960 we can expect it to fall more.
I am still bullish and suggest to go only for long trades until war ends. If price makes high near 2050 we can go for short trades for long term time.
Today is Friday and we can expect high volatility. I suggest to go long with small stop loss near 1980. We expect gold to close above 2k and test the resistance 2020.
My trading plan
BUY 1980-1985 SL 1968 TP 2020
However in daily chart I can see there is a big chance for reversal. So if gold fall below 1960 we can expect it to fall more.
I am still bullish and suggest to go only for long trades until war ends. If price makes high near 2050 we can go for short trades for long term time.