Hello traders.
Gold is losing steam as aproaches the 1780 level. the price has also retest 1753 area.
So, aggressive entry can take place at current price levels for sell with TP levels at 1750 - 1743 - 1732 even 1715 where lies the 1H consolidation box which has been broken due to CPI and never retested.
From down there, it will be a great opportunity for longs, provided that the box will not invalidated with BoS below it.
For upwards, 1803 resistance is strong and it is needed a strong PA along with negative retail sales of US on 16/11 in order to fly.
Gold is losing steam as aproaches the 1780 level. the price has also retest 1753 area.
So, aggressive entry can take place at current price levels for sell with TP levels at 1750 - 1743 - 1732 even 1715 where lies the 1H consolidation box which has been broken due to CPI and never retested.
From down there, it will be a great opportunity for longs, provided that the box will not invalidated with BoS below it.
For upwards, 1803 resistance is strong and it is needed a strong PA along with negative retail sales of US on 16/11 in order to fly.