I said multiple times recently that I believe Gold will break 1850 support and can drop even to 1750 zone. Yesterday, Gold visited 1850 zone and, as it was normal, a rebound occurred. The rally is anemic though and, on the very short-term chart, we can see Gold putting in a rising wedge correctional type structure. I'm out for now, but I will look for opportunities to sell if XauUsd manages to rally in 1880 zone
I appreciate your efforts and I had a sales transaction on November 17, now at 340 pips in profit and continuing towards the target, you can review the analysis
Alizaman77
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it mean gold again come to down befor 1880
Tibintaaaa
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Great, I was thinking to get out soon, I took a long at the small uptrend, hope will get most profit out
Mihai_Iacob
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@tiberiunedelea, I was also long from 1860 but exited today:)
Romanians think alike:)
Tibintaaaa
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@OptimoomFX, Good one, yes they do. Still taking profits, let's see what happens
Fisher_Fx
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nice bear flag. looking for more downside soon
Mihai_Iacob
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@Fisher_Fx, Thanks!
I think 1850 will fall eventually