Gold $XAUT
It’s been consolidating around the 4,000 level for four days. For the past couple of days, I’ve been watching to see if it would break below 4,000. But judging by how it’s been trading these past few days, there’s still buying support at 4,000. On top of that, tonight’s CPI data could help gold rebound.
$XAUT : I placed a limit order at 3,990; the low was 3,992. The gap between my order price and the low is starting to narrow. If this keeps up, I’ll be able to predict the bottom and top prices, and trading will be much smoother going forward.
My current gold position has a cost basis of 4,024. I’ll wait until 4,280~! Gold has been going through a severe shakeout while trading sideways, so I need to be prepared not to make a profit in the short term.
It’s been consolidating around the 4,000 level for four days. For the past couple of days, I’ve been watching to see if it would break below 4,000. But judging by how it’s been trading these past few days, there’s still buying support at 4,000. On top of that, tonight’s CPI data could help gold rebound.
$XAUT : I placed a limit order at 3,990; the low was 3,992. The gap between my order price and the low is starting to narrow. If this keeps up, I’ll be able to predict the bottom and top prices, and trading will be much smoother going forward.
My current gold position has a cost basis of 4,024. I’ll wait until 4,280~! Gold has been going through a severe shakeout while trading sideways, so I need to be prepared not to make a profit in the short term.
