Gold has Placed 1729 and moved significantly downwards from Bullish Trend Exhaustion area at 1733, where traders have made their money a see a potential risk, so they decide to start taking profit.
Moreover, it has already broke the Important key level at 1688 and indicates that gold is still in Bearish bias.
So,
we are expecting that the market is going to create the double bottom at 1624,
but before the retest of its broken structure at 1688.
You can take a chance of little buying from 1662-58 (Buying Zone) till 1688 (Broken structure).
Risk Warning!
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
Moreover, it has already broke the Important key level at 1688 and indicates that gold is still in Bearish bias.
So,
we are expecting that the market is going to create the double bottom at 1624,
but before the retest of its broken structure at 1688.
You can take a chance of little buying from 1662-58 (Buying Zone) till 1688 (Broken structure).
Risk Warning!
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
