Gold oscillated in the range from 1950 to 1975, there was very strong resistance around 1969-1971, and the support was around 1963-1959, so trading during the turbulence period can be carried out around these positions.
If the upward attack around 1969 is under pressure and cannot be broken, then go short, around TP1963
If the 1959 support is not broken, go long, around TP1967
Break through 1959-1971, go long, around TP1975
Under pressure 1975 upside attack can not be broken short, TP1969-1970 near
Backtest 1969-1966, if the support is valid, go long, around TP1983-1986
Break below 1959-1955 support, short, around TP1947-1943
Trade ist aktiv:
Gold empty orders start TP, observe support near 1963
Kommentar:
Continue to pay attention to the resistance around 1969 above, if you can't break through and stand firm, continue to short, TP1963
