Short Gold
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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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.