Gold towards 2530 - 2515The daily uptrend line was broken at 2600 that is why I sat my SL at 2610
I believe that there is a rising channel at the middle of the chart and that is an indication that price would go further down. the price could not go up further more because of the downtrend line on the right.. it is a simple trade actually and not complicated.. you may find retrace to up soon but the candles can not close on the right of the downtrend which acted as resistance too otherwise it will flip the trade to bullish.
Good luck all
My trades are exclusive to myself only and is not regarded as an advice to traders or investors and is not more than a personal thought or idea which I just wanted to share with you all and I do hope it could help.
I am not selling any signals and I do not take money favour any trade and my recommendations or are free of charge all life long but I keep the copy rights of them though to not be copied or shared.