Gold trade ideas 21/11/2024

Despite short lived pullbacks Gold has remained bullish from Asian into London session with breaks above 2664 key level.

Todays ideas:

Bullish - Overall target 2707
- Pullback buys at 2664 if gold fails below
- 2687 and 2697 buys

Reassess positions once 2707 is hit and after unemployment claims

Potential Sells:
- Only if we get a break and close below 2664 we could be doing a deeper pullback before continuation buys
- 2640 and 2623 are also levels you can add extra positions on at.
- Bias would change to bearish if we get a break and close below 2623 then we can continue down to 2590 before reassessing.

With unemployment claims later expect some movement as we come into New York open, but as always stay adaptive.

Happy Trading