GOLD: The potential to go to 2275 is forming
Updated
GOLD is forming a false breakdown of resistance. This is happening against the background of correction after the breakout of the strong line.
The news determines a negative FUNdamental background for gold. Ahead of PPI. There is a probability that the general background will remain.
In this case it is worth considering the continuation of the fall, because the key liquidity area has not yet been tested (2275)
Strategy: A breakdown of 2305 followed by price consolidation below the level will determine traders' willingness to go lower. Target 2275
The news determines a negative FUNdamental background for gold. Ahead of PPI. There is a probability that the general background will remain.
In this case it is worth considering the continuation of the fall, because the key liquidity area has not yet been tested (2275)
Strategy: A breakdown of 2305 followed by price consolidation below the level will determine traders' willingness to go lower. Target 2275
Trade closed: target reached
target 1 reached
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