Gold signal
A good day for our Gold signal subscribers. I asked them to sell this precious metal today. Xauusd crashed from highs of 1320$. We enjoyed this bloodbath in gold prices as we are in sell today. This is what I wrote to my subscribers today.
Sell gold at 1312$ with stop loss of 1319$ for target of 1305$. Xauusd crashed and our subscribers exited at target. We fetched nearly 70 pips in this trade and made around $700 profit per lot in this gold trade.
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Currently gold price trading at 1304.80$. Good support in this precious metal stands at 1297$. If market break and sustain below 1297$. Then expect more pressure till 1291$- 1284$.
Resistance in gold chart stands at 1312$. If market break and sustain above 1312$. Then expect some recovery in xauusd till 1319$- 1326$.
Currently gold price are in weak zone, so avoid major buying on these levels. Sell on rise would be good idea. Avoid messing with levels and do not trade without stop loss in your trade.
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