10.05pm. Tuesday
Closed gold earlier at 1694.845 and it sent all the way down to 1686.46. While the overall trend in the long term looks bleak, the short term trend looks positive. Gold is oversold based on the 1 hour chart, price is being supported by the SMA34,..my favourite moving average.
Trusting the good old support at 34, decided to move in with a purchase of 2 lots.
Long Gold 2 units at 1690.872, SL at 1683.45 , potential loss of $20/-
The short EA pair is still showing a neagive of $15/-
Now observing the price movement,..
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