Gold on the daily time frame shows on very interesting setup that can goes either way.
It will all depend on how gold will close today.
Buy:
Close above upper range, 1272 or higher.
Take Profit: 1292
Stop Loss: 1264
Sell:
Close below lower range, around 1269 or lower.
Take Profit: 1235
Stop loss: 1278, if 1260 breaks move stop loss to entry price, from there move stop down $5 for every $10 gold goes down :)
It will all depend on how gold will close today.
Buy:
Close above upper range, 1272 or higher.
Take Profit: 1292
Stop Loss: 1264
Sell:
Close below lower range, around 1269 or lower.
Take Profit: 1235
Stop loss: 1278, if 1260 breaks move stop loss to entry price, from there move stop down $5 for every $10 gold goes down :)
Trade aktif:
sell active
SL 1275
TP Open
SL 1275
TP Open