There could be a chance of pullback to the upside. I have been short here, but it might be an opportunity for otheres to hop on the bandwagon for the rally down to 1186 USD or even lower.
Price action may have entered the anticipated consolidation phase with a possible pullback scenario towards 1240 USD ensuing from this strong downtrend over the last weeks. However, bearish sentiment has not changed and will not change.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
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No pullback - bears are strong. When being in the profit zone, hold your short position.
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Gold hits the pivot at 1186.
Trade closed: stop reached
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Pullback happened:
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I will go short again if gold price shows weakness.
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Pullback may actualize a reversal in Gold price. Do not go short, wait for clear weakness.
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patience!
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A bit risky, but I follow my gut feeling. Pullback is a good opportunity to go short again. Downtrend is still active.