Gold Roadmapping Idea
Updated
Gold has been in a steady downtrend with Bullish moves being corrected fully. You can play these short-lived buy bounces but it's risky. We have just broken below 1820 and melted to 1812.5 a key level, close to the fed rate decision price. Fail to break above 1820 and we could see more downside specifically around 1808-1803 areas. Break above 1820 and we can head towards 1828 which is a make-or-break level as if it doesn't break the trend, more downside to come. Safe buys only above 1828, the 1820 buys are RISKY. Trade safe.
Comment
Gold buyers jumped in during New York to drive price up to 1830's, failed to break trend and melted all the way back down 1820's and 1812.5'sComment
300 pips from 1830's all the way down to 1800-1795 areaDisclaimer
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