Based on D1 Support Low Break, many looks for selling pressure for Gold to makes down trend. But seems like due to fundamental pressure that not a good condition for downtrend, Gold has been in consolidation for quite days, and has now break the D1 Resistance. Looking at current position, either it makes downtrend or uptrend, we have opportunity for sell at least until nearest High for RBS.
Note
Sharp entry. Now waiting more seller. I do not expect another Resistance retest as the USD news have already influence the current downward. Will be looking for next high impact USD news for more seller entry.
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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.