We are expecting a breakout on GOLD!!!
The idea of a downside move is still there. The 1785 support is also still valid.
We are expecting a breakout of this support so we can then get involved into a short positions targeting 1748.
Entries before that are considered risky!
A breakout means price closing below the level - in this case even below the wicks that have tested this level multiple times.
That would mean bears are taking over and they will gain momentum.
If price goes above 1804 then that will slow down this move.
We are expecting a breakout of this support so we can then get involved into a short positions targeting 1748.
Entries before that are considered risky!
A breakout means price closing below the level - in this case even below the wicks that have tested this level multiple times.
That would mean bears are taking over and they will gain momentum.
If price goes above 1804 then that will slow down this move.
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