at this moment the long-term uptrend is broken and we have a 4H close bellow that. to be sure about its success ,we need to see a 1D candle close bellow the uptrend.
in the other hand, it would be a bearish engulfing , just on short-term downtrend that yesterday got broken temporary..
i am eagerly like to see gold in lower levels to invest on that.
I think that Gold is going to have a last kiss to its broken channel.
if you trade in lower time frames , it can be a short sell opportunity .
Trade closed: target reached:
gold went just according our estimate and touched the 1st foretasted level . it can be a 1st place to buy. but we need to see tonight close. the next level of purchasing is support zone of 1790-1820usd