Gold is once again back at key support level ahead of Powell’s testimony, FOMC minute and CPI report. With volatility expected to increase in the second of this trading week, there’s a high probability that gold could bounce back to major resistance again.
Time frame: 1H
Length of Trade: 2 Days to 1 week
Entry: Between 1392.00 to 1387.00
XM Broker: High Speculative Appetite
Oanda Broker: Moderate Speculative Appetite (Blue=Long)
IG Broker: Low Speculative Appetite