Gold Trading Idea for the week of 18 September 2017

Price of gold fell last week due to the risk-off sentiment and a modest recovery of US Dollar. Even though things have calmed down, they are not over yet. Any escalation of the situation with North Korea will change the risk sentiment in the market. Having said that, we can see that Gold fell, slicing through $1330 level.

Gold Weekly

Trading idea

What we suggest is to wait until a supportive candle forms on the daily or the h4 chart around the blue trendline or even stronger yet if the supportive candle forms around 1300 area and then we will go long.

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