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#XAU XAU May 2nd Intraday Trade
Direction: Short
Aggressive: 4552-4578-4616
Add position: Can also follow the sequence
Stop loss: 3-10 points
Suggested take profit: 4528-4548-4562
Direction: Long
Aggressive: 4488-4475-4455
Add position: Willing to accept floating loss following the sequence
Stop loss: 3-10 points
Suggested take profit: 4526-4512-4495
The intraday position mainly depends on the uncertain direction; the intraday pivot is 4490. I expect it to go up and short it, but a pullback is an opportunity. Not sure how much profit can be made at the 4488 level. Tomorrow's PCE data; anyway, these levels are tradable.
Fluctuations of 3-5 points up or down.