GOLD
*After reaching the milestone level of 1700.00 a stronger bearish engulfing handle has formed in 4 hour chart
its almost lost 2000 pips in the span of 9 days
*Further downward momentum will persist in coming days
*We can expect short term bounce towards 1550-1560 level which is also a 78.6% Fibonacci
*From this level we can short this pair and the potential take profit will be 1487.00
*Stop lose may placed above 1595.00 level
*Please leave your valuable comments below
*After reaching the milestone level of 1700.00 a stronger bearish engulfing handle has formed in 4 hour chart
its almost lost 2000 pips in the span of 9 days
*Further downward momentum will persist in coming days
*We can expect short term bounce towards 1550-1560 level which is also a 78.6% Fibonacci
*From this level we can short this pair and the potential take profit will be 1487.00
*Stop lose may placed above 1595.00 level
*Please leave your valuable comments below
Trade active
The primary target was acheived..and it's running towards 1486.00 levelTrade closed: target reached
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Related publications
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.