We can open Sell under the Support/Resistance Zone.
Reasons: - Support/Resistance Zone is near 1570.00; - the price bounced from the zone 2 times before broke it; - potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
Awesome anaysis to be honest. Despite the flurry to the equities on the back of progress with the phase-one trade agreement between the US and China, gold prices are also on the up. At the time of writing, gold trades at $1,565 having travelled from a low of $1,552.67 to a high of $1,568.21.