GOLD #XAUUSD TRADING IDEA FOR 07 NOVEMBER
GOLD TRADING IDEA FOR 07 NOVEMBER**
As there is no such major fundamental events today, we are expecting gold to stay range bounded,
As gold failed to break above the key resistance zone 17680-1683,
We will be looking to sell gold below 1675 Targeting 1665-1664.
on buyers side we can expect some more upside pullback A break above 1681, will be a buy opportunity , entry only after confirmation, Targeting - 1690-1692.
1665-1667 is short term support level , if its hold we can Target 1690-1692 as low risk high reward trade.
As there is no such major fundamental events today, we are expecting gold to stay range bounded,
As gold failed to break above the key resistance zone 17680-1683,
We will be looking to sell gold below 1675 Targeting 1665-1664.
on buyers side we can expect some more upside pullback A break above 1681, will be a buy opportunity , entry only after confirmation, Targeting - 1690-1692.
1665-1667 is short term support level , if its hold we can Target 1690-1692 as low risk high reward trade.