26/05 - Gold still faces obstacles
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The price of gold has declined recently and struggled to stay above $1,940. This is because the US Dollar Index is quite strong at the moment.
Investors are feeling anxious about the possibility of a US treasury default, which has resulted in a negative market sentiment.
The gold price has experienced an imbalance due to a breakdown in the previously formed consolidation range of $1,952-1,985.
Gold may find support near its highest point on May 13, which was $1,914.67.
XAUUSD
SELL 1953-1956
Stop Loss 1963
My own expected return is 1949-1940-1935
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
Investors are feeling anxious about the possibility of a US treasury default, which has resulted in a negative market sentiment.
The gold price has experienced an imbalance due to a breakdown in the previously formed consolidation range of $1,952-1,985.
Gold may find support near its highest point on May 13, which was $1,914.67.
XAUUSD SELL 1953-1956
Stop Loss 1963
My own expected return is 1949-1940-1935
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
Note
1956 runningNote
1946 => 100pipsNote
Return 1941 => 150pipsNote
Gold 1938.8=> +170pips
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