Hello Traders,
Hope you are having an amazing Monday.
My overall perspective on gold remains bearish still. Although we had a great 20$ rejection from 1700 Institutional Level, we do believe that there is another leg to the downside where the major liquidity points lie.
I have indicated the general idea and forecast with arrows on the chart.
Hope this analysis serves you well.
Wishing you a profitable week ahead
ETGL Team <3
Hope you are having an amazing Monday.
My overall perspective on gold remains bearish still. Although we had a great 20$ rejection from 1700 Institutional Level, we do believe that there is another leg to the downside where the major liquidity points lie.
I have indicated the general idea and forecast with arrows on the chart.
Hope this analysis serves you well.
Wishing you a profitable week ahead
ETGL Team <3
Comment:
Beautiful +140 pip drop, partials taken and stops moved to breakeven !
Comment:
more partials taken
Trade closed manually
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