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MY FIRST SELL ENTRY ON THIS PRECIOUS METAL WAS ON JUNE 14, 2021 @1872 EVER SINCE THEN TILL NOW, I'VE HELD MY SELL POSITION WITH TP1 HIT @1770 (+1000PIPS) I SHARED ANOTHER "GOLD - SELL" UPDATE RECENTLY AFTER THAT!
I'M HEADED FOR TP2 @1710 AND TP3 @1610 (REASONS BEING THAT THESE PRICES ARE CLOSE TO PSYCHOLOGICAL LEVELS @1700 AND @1600 RESPECTIVELY THAT CAN TRIGGER SUPPORT)
CURRENTLY, 1760s SUPPORT IS A STRONG ONE AND EXPECT TO SEE A RETRACEMENT BACK TO 1810s. WHETHER IT HAPPENS OR NOT, WE KEEP HOLDING OUR SELL AS LONG AS @1825 RESISTANCE IS INTACT. WATCH OUT FOR THIS SELL MOVE TO TOUCH THE CHANNEL BOTTOM ANY DAY FROM NOW TO BETWEEN 9TH - 20TH JULY; I FIGURED THAT FROM PREVIOUS LENGTH OF TIME IT TOOK THE PRICE ACTION TO MOVE FROM CHANNEL TOP TO BOTTOM, PROVIDED OTHER THINGS BEING EQUAL - REMEMBER NOTHING IS CERTAIN IN THIS MARKET! ALL THAT IS NEEDED IS ANOTHER 'CRAZY' FUNDAMENTAL LIKE THE FED'S RATE DECISION AND POWELL'S SPEECH THAT BROUGHT IT THIS FAR DOWN
NOTE THAT THE HORIZONTAL RED LINES ARE LEVELS (SUPPORTS OR RESISTANCE) BASED ON DAILY PRICE ACTION DISCLAIMER: DO NOT TRADE WITH BORROWED MONEY OR THE ONE YOU CAN NOT AFFORD TO LOSE. FX IS A HIGH RISK HIGH REWARD MARKET AND VERY VOLATILE