this is a great level for a nice short. If the price breaks and closes above the resistance then will look for retest for Long entry.
Gold price is ranging for past few days. As the range is getting tighter we can expect a breakout of higher TF by end of September or early October. But till then we have plenty of opportunity to have multiple short term long and short trades. Here I am waiting for the price to drop to the immediate support level and jump into the long trade once it meets the criteria.
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retracement from a resistance after an over extended impulse.