This deal was on both technical and news analysis
The news said that there are fears from opening the borders between states and with countries which created fears because of corona
For more deals and analysis join
I don’t know if you watched the news or not but trump had a speech a while ago.
He was very pessimistic about the situation in the US and said that America will wetness a large number of deaths in the next two weeks.
This declaration from trump obligates dow to go down and probably it will open a negative gap.
And dow will be bearish in the next week.
Generally, it’s in a bearish trend and below 200MA.
This ascending is just a correction to the previous supply area and a retest.
It’s below the red komo cloud and tested it with a candle and reflected down immediately.
The cloud represents support and resistance levels.
I sold it with 7100 SL
We’ve seen a positive declaration from trump about corona disease.
This declaration from trump lets the gold calms and go down.
I sold gole at 1646
SL 1654 (80)
TP1 1637 (90)
TP2 1630 (160)
TP3 1624 (220)
Good luck and please use money management
Follow me for more deals and analysis