Well, I still maintain that gold is very bullish despite all these strong moves down. From what I have experienced with gold, after all these corrective moves, the trend will resume in a very fast manner and it would be hard to even find a setup or a pullback to join the trend. However, I think right now could be a good time to enter with minimal risk. I see many levels where the trend could resume from but 2680 is one of them for now...
Trade closed: stop reached
Clearly was wrong and gold is still correcting with more downside moves.
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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.