Updated:-----> gold bearish moved.
Hi friends, today is the final day of trading for this week, another week is going to be an end and i hope everyone is doing well.I am not frustrated right now after got the margin call in Wednesday. I have made 50$ profit in my real account yesterday and i am thinking to grab more 50$ today with a perfect buying position of gold. I am really waiting for a short term scalping if the price went down for gold into 1450 or below. i will surfing to the wave and i will try to grab my profit, i was actually made 70$ yesterday but my last trade of gold was brings me 20$ of loss. price went down to 1461 and my selling position was at 1461 that moment. we can see that price of gold is now at 1468 and a short bullish trend formed here at 1461-1468. yes this is really important for us to focus on the fundamental news for today.few of CAD and USD news will be releasing today and that will definitely give a long move for gold. i think the bearish trend might continue up to 1440 or below today.
the lower support level for W1 chart is showing at 1394 and the secondary support level already broken at 1477.