Gold to drop again from 1248 to test potential double bottom
Scenario A)
Gold downtrend resumes from 1248, conservative target of 1241.5 because of possible double bottom on daily chart
Scenario B)
Daily double bottom is in place and look for long opportunities after a close above 1248
Gold downtrend resumes from 1248, conservative target of 1241.5 because of possible double bottom on daily chart
Scenario B)
Daily double bottom is in place and look for long opportunities after a close above 1248
Order cancelled:
Downtrend resumed nicely but gold never made it to 1248 entry point