Every one has different opinions on gold but opinion wont pay us money so i am here with my best setup for gold. We are above 200ma which clearly indicates bullish trend but i am seeing it differently as per my chart at 1888.7 we can actually go for short in my previous idea i clearly mentioned it can go easy 1864 which it does reached. we have three selling areas which can give us really good short rally and i calculated those levels as 1888.7 target easily could be 1790 ,1956 target easily could be 1772 and 1998 target easily could be 1690 or lower.. if i see bull case we can max go up to 1998 with extension 2025 possibly but to reach that level we got my two main short zones which will surely give hard time to bulls. i would go short at 1888.7 with Stop loss to be at 1896 target as per my risk reward. Currently we are in selling zone but i must say we got pretty good chance to reach 1888.7 any fundamentals can trigger bears so if you are buying buy with tight stop loss in these yellow zones i made. Above my first yellow (resistance) zone the second zone could be easy target for buys which means break of 1896 is easy for price to reach 1956 (which is also my second selling zone). Do not forget to like my idea and comment if you face any problem understanding. good luck traders
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