Gold future evolving in a trading range
Gold Future is evolving inside a trading range.
For intraday trading, we have now signals of buying; we talk here about the higher volume and the wick of the candle that assure an increasing trend.
The GC will try to reach the Resistance R0, after breaking the VWAP.
If we have high volume we could expect a break of that resistance, which means a new increasing trend. If it couldn’t, it will continue to play inside that trading range.
The advice is to buy now and sell at the first red volume and candle (For a safe trade), or wait itto reach that resistance R0.
For intraday trading, we have now signals of buying; we talk here about the higher volume and the wick of the candle that assure an increasing trend.
The GC will try to reach the Resistance R0, after breaking the VWAP.
If we have high volume we could expect a break of that resistance, which means a new increasing trend. If it couldn’t, it will continue to play inside that trading range.
The advice is to buy now and sell at the first red volume and candle (For a safe trade), or wait itto reach that resistance R0.
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