GOLD 12/5: Keep watching SELL to the price area around 2000

Gold prices remained pressured on Thursday for the second straight day despite a weaker US economy. The reason may be related to the market rushing into the US Dollar amid concerns about the expiration of the US debt ceiling and the collapse of the banking system.
The news becomes even more important and negatively impacts risk appetite as the US Treasury has signaled the possibility that the Federal Government could default on its debt as soon as June 1 unless the debt ceiling is raised.
Gold prices confirmed the pennant break on Thursday, indicating a bearish bias in the metal. The metal's downtrend break also justifies the upbeat signals from the Moving Averages Convergence and Divergence (MACD) indicator, as well as the steady Relative Strength Index (RSI) line, is set at 14. GOLD


SELL GOLD zone 2020 - 2023

Stoploss: 2027
Take profit 1: 2015
Take profit 2: 2010
Take profit 3: 2005


BUY GOLD zone 2005 - 2000

Stoploss: 1995
Take profit 1: 2015
Take profit 2: 2030
Take profit 3: 2040

Trade closed: target reached:

SELL 2022 => to 2012. +100pips ✅✅✅

Trade closed: target reached:

BUY 2005 => to 2022. +170pips ✅✅✅