Gold shifted to sells after it tested 4245 area and it closed to end the week around 4080-82, bears will likely continue with the downward push to any of these three levels before the buy start again, 4020, 4000 and 3960-30, with the 3960-30 area having a higher probability of starting the buy followed by 4000 ,
so there's a high chance the sell will reach 3960-30 before the buy start, but gold can start buying from any place it wants and whatever be the case there will be update throughout the week so it wouldn't be a big issue.
A sell after market open at anywhere within 4084-94 and an sl at 4111 with tp at 4000, 3965 or a minimum of 600 pips and a good confirmation of more sell is if price closes below 4055-53.
so there's a high chance the sell will reach 3960-30 before the buy start, but gold can start buying from any place it wants and whatever be the case there will be update throughout the week so it wouldn't be a big issue.
A sell after market open at anywhere within 4084-94 and an sl at 4111 with tp at 4000, 3965 or a minimum of 600 pips and a good confirmation of more sell is if price closes below 4055-53.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.