Now that Gold has reached our initial target, it has completed a cup in which the next thing that follows is most likely a handle or possibly creating a W pattern. Gold will eventually need to retest somewhere in which is the 1830 level. The resistance around this area is also very high.
Trade active
Trade closed manually:
Candles after the spike down do not look good. Trade Closed at +230 Pips
Comment:
Look like Gold will go to the initial target.