Despite what is being said about our favorite commodity being bullish
, we're still on a downtrend on the 4H, Daily and Weekly chart, we have reached beyond 1505.00 with a huge spike during the FED Speech, but our bulls didn't manage to pass the trend line
. Mixed positive and negative news for gold
since the start of the week got us confused about the metal's path, but due to the strong trend influence I'll be expecting the metal to follow the trend and I'll be shorting.
TP1 - 1486.68
TP2 - 1460.30
TP3 - 1446.94
Trade responsibly with risk management.
Show your support and drop