🧿So as per daily *Gold* shows buying but as per 4H Gold shows selling.
Gold need to close below 2145 with Daily Candal shifting momentum in bearish.
If Gold want to go upside then last area is 2154.28 - 2159.58 if this area breaks market easily drop till 2070/2130
Dear colleagues, I assume that the price will make a small correction to the 38.2%-50% Fibonacci level area of 1840. Once the target is reached, I will scrutinize the situation. It is quite possible that after that the price will renew the high of 1865. 1865 is the level of zeroing and in this case we will have to redraw the waves.
Manage your capital correctly...
After breaking through 1820, gold formed a reversal and rose above 1840. Although the rise was quite strong, in the short term, there is still some distance to the resistance level of 1848. My bearish view remains unchanged as my funds are relatively sufficient and I can continue to add short positions at high levels.
If you have already taken a short position,...
