Short Gold
Updated
Structure: downtrend
Price pullback to test support zone 1556-1560 that has broken
Expect: price continues to down in short-term as an image
Target 1: 1545
Target 2: 1520
Good luck & safe trade
Price pullback to test support zone 1556-1560 that has broken
Expect: price continues to down in short-term as an image
Target 1: 1545
Target 2: 1520
Good luck & safe trade
Trade active
Done 1st target Trade active
Sellers' force is weak, so it cannot push the price down to demand zone 1516-1520. The price pullback to continue the sideways trend. In my opinion, I expect the price will continue up to the 1560-1562 resistance zone. Then, waiting for a trigger in this area to entry sell or notTrade closed: stop reached
Break-even
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