Points to keep in mind while trading in Gold during U.S. Session:
Today’s U.S. session is totally empty as no key events as well as Indicators are scheduled for the U.S. session. But as history suggest that in the absence of key U.S. data, USD is likely to give high volatility against major peers.
- Gold moves in stiff boundaries and moving from $1,778 to $1,788 mark.
- A day chart is down while H1 chart with triple EMA suggests slightly up trend for the time being.
- A sustained close above $1,789 on H1 chart requires for the upside rally.
- Alternatively, a consistent close below $1,778 will check further supports.
Take a look and do trade wisely!