It might be good idea take LONG here if demand zone holds.
Possible targets are Price pivots (PP1, PP2) around 2786 and 2829.
PP2 is also confluent with major supply zone.
Interesting area for target is also 2800 where market tested this level twice. If we breach this area with heavy volume we will possibly go for PP2.
However this is counter trend trade so we...
Taking SHORT position on GOLD might be good idea.
We are currently in supply zone.
We can expect some correction if supply zone holds.
Possible target is PP at 1298 which is also confluent with retesting trend-line.
It trend-line holds PA we can expect short term trend reversal.
From weekly perspective we have one big green candle, so supply zone might be...
