GOLD TRADE IDEA 28 NOVEMBER
The gold is still looks bullish on higher time frame with not enough volume and volatility last week , we are just having a pullback phase after buyers exhaustion from key level 1783-1785 and we are corrected around 50% already
with the FED speakers being relatively neutral last week and we didn't had any major economic data bringing back dollar strength.
Improved CPI & poor unemployment data still holding the weight in the market , with NFP this week we can see continuation of market sentiment and gold can spike up till 1807-1810, a lot more depends of the NFP numbers this week.
Trade setups for today,
we will be looking to buy around 1746-1747 .
Deeper pullback buy around 1739-1740.
break above 1757-1758 will be breakout buy after confirmation,
we can only shift to higher time frame gold sell below 1730, and technically previous highs and rejection level around 1781-1785.
with the FED speakers being relatively neutral last week and we didn't had any major economic data bringing back dollar strength.
Improved CPI & poor unemployment data still holding the weight in the market , with NFP this week we can see continuation of market sentiment and gold can spike up till 1807-1810, a lot more depends of the NFP numbers this week.
Trade setups for today,
we will be looking to buy around 1746-1747 .
Deeper pullback buy around 1739-1740.
break above 1757-1758 will be breakout buy after confirmation,
we can only shift to higher time frame gold sell below 1730, and technically previous highs and rejection level around 1781-1785.
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