Hey this is not the usual analysis I do, I have been observing the gold from yesterday to join the sell and I haven't spotted which I'm looking for. However In lower time frames I see the Gold is resting a little which gives us chance to enter but there are rules to be followed and with money management in mind (risk the sum only which u can lose) and also with tight stoploss, with this we lose less and win big strategy.
So now place a Sell limit order at 1309 and stop loss at 1314 , you can place the initial target point as 1300. In the NewYork session we might see the movement in the Gold just wait until then. If the price moves towards the target point then move your stop loss to break even price this is very important. Hope this helps. Shoot me the questions if you have any.
Caution: Donot move your stop loss and Invest the money only which you can afford to lose.
So now place a Sell limit order at 1309 and stop loss at 1314 , you can place the initial target point as 1300. In the NewYork session we might see the movement in the Gold just wait until then. If the price moves towards the target point then move your stop loss to break even price this is very important. Hope this helps. Shoot me the questions if you have any.
Caution: Donot move your stop loss and Invest the money only which you can afford to lose.