GOLD-SELL strategy - upside bias
Gold has previously reached $,1970s and then moved lower towards $ 1,889 and from there we are up here again for good reasons of course.
GOLD is overbought, but currently not extreme, and we may see a little push up more. Instead of trying to buy, which I feel is a little later for my liking, I prefer to see SELL levels.
Based on current RSI and level, I feel we should start selling small @ $ 1,960,1,970 once again. We increase sell maybe $ 1,990-2,000 area, if seen. The correction back will be this time only till $ 1,910 I feel.
Strategy SELL $ 1,965-1,970 and place profit order $ 1,915 for now. Increase sell as suggested, but please note, low leverage at all times.
GOLD is overbought, but currently not extreme, and we may see a little push up more. Instead of trying to buy, which I feel is a little later for my liking, I prefer to see SELL levels.
Based on current RSI and level, I feel we should start selling small @ $ 1,960,1,970 once again. We increase sell maybe $ 1,990-2,000 area, if seen. The correction back will be this time only till $ 1,910 I feel.
Strategy SELL $ 1,965-1,970 and place profit order $ 1,915 for now. Increase sell as suggested, but please note, low leverage at all times.
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