From TradingView · · 1m 10s
Gold Holds Flat as Market Tangles
Gold stays flat while traders wait for market clarity.
In brief
Gold stays flat while traders wait for market clarity. Gold price remains flat as traders wait for clear trend structure after EMA20 and EMA50 tangled around 4162. Originally reported by TradingView.
System Flags H4=0
The system identified a direction unclear state after EMA20 and EMA50 tangled around 4162.
“Do NOT short into this bounce, and do NOT buy because the reversal is unconfirmed”
Wait for Clear Structure
Traders wait for a 4H close below EMA20 or EMA20 cross above EMA50 to confirm trend.
Price Sandwiched
Price remains between 1st support zone at 4116 and 1st resistance zone at 4257.
No Major US Data
This week features no major US economic data like NFP or FOMC meetings.
Structure Broke Down
Price broke below EMA20 and EMA50 creating a clear bearish alignment.
Trade 1 Execution
Trade 1 entered at 4130.95 with stop loss at 4145.83 and target at 4116.07.
Trade 2 Execution
Trade 2 entered at 4143.72 with stop loss at 4156.83 and target at 4130.61.
Risk-Free Position
Remaining position runs risk-free with stop loss secured at +1.5R.
What to remember
Gold price remains flat as traders wait for clear trend structure after EMA20 and EMA50 tangled around 4162.
