A few hours after the analysis from yesterday gold was already $20 lower.
Today we expect another downside move!
Yesterday we saw an upside impulse from the $1800 level, which is more likely only a correction and we expect that move to end around $1820. If we get reversal candles with long wicks from there, the that's the perfect short opportunity.
We will be aiming for price to continue lower than $1800
For specific exit levels make sure to follow us!
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thanks for sharing! great call on this! Agree with your support area, looking to play a bounce from here:
ForexTrendline
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@ZetaLabs, We think there will be an additional fall in price before it goes back to the upside, but let's see :) Good luck, thanks for sharing your idea!
ForexTrendline
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@ZetaLabs, You are very welcome! Nice chart as well, but why there are two profit levels?