Yesterday GOLD fell below the heavy support area of $1848 to $1862, RSI uptrend and 200-periods regression channel. Between the current price and the $1765 level there is one support left, which is the lower RSI uptrend, marked with a red circle. As I write this post, they are intersecting. If the RSI withstand the bears, the heavy support from yesterday is now transferred to a heavy resistance.
I will equip myself with patience and wait for $1765 and an oversold RSI state before I open a new long position.
Short order: Open: $1848 Leverage: 5x Take Profit: $1765 Take Profit (%): 22,38% Stop Loss: $1870 Stop Loss (%): -5,95%