Gold needs to hold 1660 to 1670. this month..Charts looks dangerous.. if 1660 is not held.. this looks massive descending triangle confirmation from Aug 2020... targeting 1260...long term. I am still open for this view unless downtrend line is broken on the upside and stays above at least for two days...
. As of now it looks over sold with DSI around 8....more chances of reaching 1760 to 1770 before going down...61.8% retracement of range 151 dollars is possibe (1831 -1681) which gives target around 1770.
. As of now it looks over sold with DSI around 8....more chances of reaching 1760 to 1770 before going down...61.8% retracement of range 151 dollars is possibe (1831 -1681) which gives target around 1770.
Trade closed: target reached