In this chart, like I what I did predict to GU, gold now is getting more and more power to drop.
Look left structrure, the first support is 1330, if you want to long gold , you do need to see (1H) div before setting up.
But, as chart shows, gold is now dropping. Trades in the opposite direction need to be carefully. This would be the first trade to take next week.
Then we are waiting for a short trade base on , then a retracement and then a test of 1300.
The whole experience for gold next week make it looks like moving in a channel or alone with the downtrendline!
Would be fabulous if you follow this way with your techniques to find the entry and sl and tp.
Money Money Money is coming !
Trade with plan and technique.
And wish you all good luck!
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