Gold had rejected at 2196$ and rejected at that level showcased, price has touched pivot point, since then price has been consolidating between 2150-2172, however, we may see price dropping from our area of entry. There are two targets first one at 2130-2135 and then 2090-2080.
I’m sure a lot of traders are thinking to go LONG, which sets up the perfect trap. I’ll be waiting for it to decline more as I do not want to buy this high. Thanks for your idea. 😉
I think one more swing to go to the upside to equal or surpass 2195 and then from there a massive down leg. I guess we'll see.
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@DXRKCLOUD_FX price has shown some bearish behaviour in today's asian session. It is possible it is unlikely to hit 2195 region as most of the big players have taken out their profit at 2195. Now it's bears time.
I hope our scenario will be successful!