Hello dear traders.
Following the price action of the last days, I concluded that gold performed a fakeout in the 1730 area. So, it has returned to its bearish trending bias. Of course there is always the probability to retest 1695 area as Fib Levels, but I believe that it will definitely sell at least at the 1620 level.
In fact, this time I think we might see a Break of Structure and see new fresh lows towards the demand and high ligquidity area of 1575.
Good luck and I am waiting to share your opinion!
Following the price action of the last days, I concluded that gold performed a fakeout in the 1730 area. So, it has returned to its bearish trending bias. Of course there is always the probability to retest 1695 area as Fib Levels, but I believe that it will definitely sell at least at the 1620 level.
In fact, this time I think we might see a Break of Structure and see new fresh lows towards the demand and high ligquidity area of 1575.
Good luck and I am waiting to share your opinion!
Trade closed manually:
+200 pips in profit and close all due to the weekend