Gold breakdown?
Updated
If Gold does break down with clarity and momentum past this minor zone of confluence, then it will be an indication that it might be resuming its downtrend. If that is the case, I will look for an opportunity to short on a retrace.
Good luck and trade safely.
Good luck and trade safely.
Note
Gold has passed the minor S/R line with great clarity. I will wait for it to retrace to around 1196 and initiate a short position.
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