-> Price drop 200+ pips after hit rejection on 1480.40 resistance level. if you look at (1-Hour) timeframe it clearly has hiden base or which i called it as Engulfing Fail. I consider that next week high probability that price will going up for retracement or discount before continue to going down.
-> so next week for gold ( 9Dec-13Dec ) for short term i...
i will swing long/buy position if price going down to 139.883 areas due to second time retest after breaking the Daily downtrend.
"when there is opportunity you have to be ready to break a diamond" -Nepali
but don't over confident, stick to your trading plan with proper risk management :)
Follow at your own risk