Now that Gold has reached our initial target, it has completed a cup in which the next thing that follows is most likely a handle or possibly creating a W pattern. Gold will eventually need to retest somewhere in which is the 1830 level. The resistance around this area is also very high.
Trade active
Trade closed manually
Candles after the spike down do not look good. Trade Closed at +230 PipsNote
Look like Gold will go to the initial target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.