Hello dear traders.
Following the price action of the last days, I concluded that gold performed a fakeout in the 1730 area. So, it has returned to its bearish trending bias. Of course there is always the probability to retest 1695 area as Fib Levels, but I believe that it will definitely sell at least at the 1620 level.
In fact, this time I think we might see a Break of Structure and see new fresh lows towards the demand and high ligquidity area of 1575.
Good luck and I am waiting to share your opinion!
Following the price action of the last days, I concluded that gold performed a fakeout in the 1730 area. So, it has returned to its bearish trending bias. Of course there is always the probability to retest 1695 area as Fib Levels, but I believe that it will definitely sell at least at the 1620 level.
In fact, this time I think we might see a Break of Structure and see new fresh lows towards the demand and high ligquidity area of 1575.
Good luck and I am waiting to share your opinion!
Trade closed manually
+200 pips in profit and close all due to the weekend
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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.