GOLD TRADING IDEA 17 NOVEMBER
Gold was ranging due to less volume and volatility, shows sign of buyers exhaustion at 1781-1785 level,
failed break above after many failed attempts. it was ranging from 1172 - 1785 and this morning finally broken down from key level 1772 do the down side,
yesterday we also had more optimistic improved retail sales data which stabilized the US dollar and prevented any more downside on the dollar and upside in gold.
But we are still bullish bias in higher time frame as it just we are seeing some short term sells for a better buy zones.
Trade ideas for today.
1. Pullback to 1755 we will be looking to buy
2. Previous high around 1772 we will be looking to sell (playing short term dollar strength )
3. breakout above 1781 we will be looking to buy ,
4. 1800-1801 is still a better sell zone in higher time frame.
failed break above after many failed attempts. it was ranging from 1172 - 1785 and this morning finally broken down from key level 1772 do the down side,
yesterday we also had more optimistic improved retail sales data which stabilized the US dollar and prevented any more downside on the dollar and upside in gold.
But we are still bullish bias in higher time frame as it just we are seeing some short term sells for a better buy zones.
Trade ideas for today.
1. Pullback to 1755 we will be looking to buy
2. Previous high around 1772 we will be looking to sell (playing short term dollar strength )
3. breakout above 1781 we will be looking to buy ,
4. 1800-1801 is still a better sell zone in higher time frame.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.