Gold Short Term Analysis potential retest support 1782

As we have seen gold did break down the ascending channel due to correlation with us bonds, however a resistance should be tested.

Option 1:
gold will retest the strong support at 1782 an go the next resistance level and take profit with a nice risk to reward ratio

Option 2:

gold will break the support zone and you should exit the trade with a nice risk management.

Order cancelled:

gold has tested the sumo at 1813,97. if you bought at the support you would have gained a nice 330 pips. This is just the beginning. now just waiting for a clearer direction

Comment:

sumo instead of sumo lol