After two successful defences the gold will break the trend line and will do correction.
Trade active
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After breaking the support line, the price has reach 0.236 fibonacci line (1168) and sharply bounced off. In my opinion, it is the bullish trap. The next stop for bears is at 1156.
Trade closed: target reached
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My target reached. The price is going down further and there is high probability, that it will hit 1137 next week. I'll probably try to enter long position then.