We call that gold will be doing a bounce yesterday and it expecting just that.
But the break of 2022 range was short live.
The bearish trend is still very much strong.
The market will be moving into 2036 - 2040 range.
I will be aiming for XAUUSD to move into 2039 to 2030.5 range to take some short position.
Aiming for 2031 as first range and then 2023 as second take profit range.
There's a CPI New coming up on Thursday.
But the break of 2022 range was short live.
The bearish trend is still very much strong.
The market will be moving into 2036 - 2040 range.
I will be aiming for XAUUSD to move into 2039 to 2030.5 range to take some short position.
Aiming for 2031 as first range and then 2023 as second take profit range.
There's a CPI New coming up on Thursday.
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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.