If you are a gold trader, I am sure you noticed that today’s candle closed as inverted hammer – or something like that – that indicates a potential of reversal for gold price. As we all know, gold price was in downtrend for a while due to US shut down.
Last week, gold price traded as low as USD1262, break the major USD1300 level which I did not expect at all. I am sure many of us don’t think that gold price will go down like this. But hey, this is a good opportunity to buy at low price.
Anyway, here is my chart for today.
What do you think?