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HomeBusinessGOLD ON FOMC DAY: KEEP AWAY DUST FROM TRADING

GOLD ON FOMC DAY: KEEP AWAY DUST FROM TRADING

Big day for traders, how to trade on FED event? We should have simple and clear plan.

For today’s session Trend dictator level is 1779.89, presently traded at 1769.49.

First support is 1769.67, then 1766.44 and first Resistance will be seen at Trend dictator level i.e. 1779.89, after that 1790.11.

Probable Intraday range calculated: 1769.67-1790.11.

One can long at market price with stop 1766   for 1790.11/1803.57

Low risk trader should watch 1779.89 level at 12:30 AM, candle close above or below this Trend dictator level will be confirmation of upside or downside Target level.

 12:30 AM Time : Watchable candle close

Close above TA   : 1790.11/1803.57/1813.78 would be long Targets.

Close below TA   : 1756.226/1746 would be Downward Target.

See you soon…stay updated with nayenews.com

     

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