Short

#XAUUSD - There is a risk for Gold to revisit the 1800 level

Updated

has been in a corrective phase since its last major swing high at 2081 to current 1847 as of this writing.
After making its MSL(minor swing low) at 1893, it made its MSH (minor swing high) at 1987 which failed to sustain and was therefore confirmed to be the Lower High of the existing downtrend.
Currently #Gold is targeting a Major Swing Low which could possibly be near the Strong Demand Zone to the psychological Level 1800.
A possible catalyst for this move would be the anticipated NFP due on Friday.
Gold may offer as one final buying opportunity when this publish idea is realized.

Trade active

#Gold price has impulsively declined nearing target. Be mindful though of corrective bounce.

marketpainterPH

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