Traders continue to portray ‘buy the dips’ trading in Gold price, as long as the critical static support at $1,963 holds.
The 14-day Relative Strength Index (RSI) indicator remains well positioned to see a renewed uptick while above the midline.
Moreover, the 21- and 50-day Simple Moving Averages (SMA) Bull Cross remains in play alongside the 21- and 100-day SMAs Bull Cross, adding credence to the bullish potential.
Furthermore, the 21-day SMA awaits a daily closing above the 200-day SMA to validate another Bull Cross, opening doors for a sustained upside.
Immediate resistance is seen at the previous day’s high of $1,993, above which the $2,000 threshold will be retested.
Asia - Europe Gold:
🔴SELL watch Price range 1995$ - 1993$ - stoploss: 2000$
Watch to BUY price range 1973$ - 1975$ - stoploss: 1969$
American session:
The news plan will be updated directly before the news and right at the news announcement
Note: Full TP, SL to be safe and win the market ‼️