My current active open trades: Silver, NZDUSD, EURUSD, AUDUSD (option), $Sber
Gold – MT Structure is Still Bullish (daily chart)
After bouncing off the key support zone between 1300-1310 that we talked about in prior commentaries, I’ve closed out my Gold long trade for a solid profit at the moment around the mid-1330’s.
The commodity stalled near 1340 and may want to re-test the 1300-1310 key support zone which is part of the long term corrective structure.
For now, MT the structure is still bullish while above 1300 and 1275 on a daily closing basis.
I’d still be open to another long should we get back to the key support zone with supportive price action. For now traders not already …... Keep reading