Hi everyone!
Red trendline stands for daily bearish bias. Gold is still in deep downtrend and has broken the support which might be retested giving us a nice sell entry.
I keep an eye at Friday's NFP release which it may spike even to 1682 depending on the news.
If gold doesn't breake bravely and hold the levels higher than 1693, I will not see the pair having much upside power.
Red trendline stands for daily bearish bias. Gold is still in deep downtrend and has broken the support which might be retested giving us a nice sell entry.
I keep an eye at Friday's NFP release which it may spike even to 1682 depending on the news.
If gold doesn't breake bravely and hold the levels higher than 1693, I will not see the pair having much upside power.
Trade active:
+280 PIPS IN PROFIT