A low for the day in Gold at the buying opportunity at 3,210.00/3,200.00 [Video]

Jason Sen DayTradeIdeas.co.uk

Gold immediately broke support at the 500 HMA, short term 38.2% Fibonacci & 1 month ascending trend line at 3300/3295 to hit the next downside target of 3245/40.

I posted a video about a buying opportunity at 3210/3200 in the free telegram group & this proved to be an excellent trade.

Gold made a low for the day around 3208 & shot higher to 3245.

We can try a long again today at 3210/3200, stop below 3190.

Targets again are 3234 & 3245 for profit taking.

Minor resistance at 3260/63 could see a high for the day morning if reached.

If you try a short look for the 3245/40 are for a quick scalp.

Buy a break above 3269 as we can target 380/85 for profit taking.

A sell opportunity at 3293/98 but shorts need stops above 3308.

Targets: 3275, 3265.

A break below 3190 is a sell signal targeting 3165/60 for profit taking on shorts.

Author

Jason Sen

DayTradeIdeas.co.uk

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