Gold has 4 months to find direction
Indicated 1850 if, is changing point
1760 needs to be cleared to show selling has eased
1675 will bring immense pressure to pair as yield shall increase in that case
Golds almost lost its gains for a year
Im no more interested in short term moves daily timeframe downwards
If you buy now with a 0.01
Drawdown = 300$
300pips 30000points
Intraday
Above 1738_41 is bullish
Tp 1755_60_77_83 maybe 1800
Next year this time gold can be here at 1780_1850
So by the pAttern formation ill wait for a early breakout at its lowest which might be in the 1600_1500
1760 needs to be cleared to show selling has eased
1675 will bring immense pressure to pair as yield shall increase in that case
Golds almost lost its gains for a year
Im no more interested in short term moves daily timeframe downwards
If you buy now with a 0.01
Drawdown = 300$
300pips 30000points
Intraday
Above 1738_41 is bullish
Tp 1755_60_77_83 maybe 1800
Next year this time gold can be here at 1780_1850
So by the pAttern formation ill wait for a early breakout at its lowest which might be in the 1600_1500
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