Gold has been in the downtrend for two weeks after it broke 1964 level. After a failed breakout on Friday NFP news it retraced back in the support level (1940-1930).
Due to continuous downward pressure and successful retest of 1930 resistance level we have seen a nice downward move to 1924.
If the downward pressure continues the next expected level is 1900 before breaks the downward trend.
Entry: 1921
TP:1900
SL: To be updated.
Due to continuous downward pressure and successful retest of 1930 resistance level we have seen a nice downward move to 1924.
If the downward pressure continues the next expected level is 1900 before breaks the downward trend.
Entry: 1921
TP:1900
SL: To be updated.
Trade active:
Stop Loss at BE
Let the trade run
Let the trade run