Gold remains bearish. Focus on sells
Gold ended last week very unstable. Because off NFP and PPI news. Gold gave big moves ranging from 200pips up to 400pips. AFter tapping the trend resistance(yellow line) gold rejecten very strong.
Atm were in a bearish channel. We should respect the currenct bearish trend and focus on selling the market. 2047 is resistance, either gold fall from here or move up first for another test off the upper channel resistance. level 2032 is important for gold. It's a very strong support level. If gold manage to break this level with confirmation then add more sells immidiatly
Overal midterm bearish targets are 2018 and 2007.
Resistance: 2047, 2056, 2071
Support: 2031, 2017,2005
Atm were in a bearish channel. We should respect the currenct bearish trend and focus on selling the market. 2047 is resistance, either gold fall from here or move up first for another test off the upper channel resistance. level 2032 is important for gold. It's a very strong support level. If gold manage to break this level with confirmation then add more sells immidiatly
Overal midterm bearish targets are 2018 and 2007.
Resistance: 2047, 2056, 2071
Support: 2031, 2017,2005
Comment:
Gold fell from resistance zone i anticipated. It fell during Asia. If you took the sell congrats.
Comment:
GREAT start off the week guys. GOld fell and who took winning trades.
