ForexTrendline

Rejection of a level on GOLD

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Yesterday we looked at two different options to enter short on GOLD.

There is still a higher probability that we will see another push up to 1780 and then a rejection.
NFP is due tomorrow and that could be the beginning of the next move.

Before that any trades will carry higher risk and they should be entered with less volume.

We are monitoring the 1789 level for a possible reversal from there!

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