Looks like the Rally has exhausted after the break of $50,000
Continuation to the upside looks inevitable, so look for short term SELL Setups.
Warning: This may potentially go back to £20,000 levels.
Trade with CARE!
Revealing our next plan of action for GOLD. If you are trading Silver you can go for that potentially however we are more interested in GOLD trades.
We successfully traded GOLD till now. Watch out for further drop and wait for confirmation before SELL.
Same for upside if it breaks the structure and pulls back, we will opt to BUY.
These charts are...
2 Possible scenarios in current situation. It looks like bears are going to be in control for short period of time before we get a big move to the upside.
Be careful and stay safe!
Sell Area 1690 > Target 1650
Buy Area 1625 > Target 1750