Gold Price Analysis: Sell Call Still Valid In The Daily Chart
Updated
In the daily chart market still staying bellow the downward channel. Yesterday D1 candle formed a Bearish Pin Bar. If the gold price can't break above the 1820 price, D1 Bearish Pin Bar still will be valid.
Last FOMC didn't change a lot. FED still in wait-and-see mode. Suppose we see the gold price break above the 1820 price zone. We may see some upward correction till the 1850.00/1860 price zone.
On the other hand, breaking below the 1790.00 price zone will confirm the D1 bearish Pin Bar and sell call.
Target 1: 1775/1770
Target 2: 1735/1730
Target 3: 1685/1680
Last FOMC didn't change a lot. FED still in wait-and-see mode. Suppose we see the gold price break above the 1820 price zone. We may see some upward correction till the 1850.00/1860 price zone.
On the other hand, breaking below the 1790.00 price zone will confirm the D1 bearish Pin Bar and sell call.
Target 1: 1775/1770
Target 2: 1735/1730
Target 3: 1685/1680
Trade closed: target reached
Target 1 Done
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