We can now say that the downside move on GOLD has began, or at least on the H1 chart.
It has even reached the first support at 1784.
But that's not all!
We're expecting that this downside move will continue. The next level for price should be 1748.
That's about 40$ move which means it will take some time and price will make a few pullbacks, but that's the right direction.
Do not enter any trades based on your expectations but only based on what's actually happening.
We're looking at a downfall and we can make some profits. It's not time to buy but to sell.
Once market goes down to 1748, we will then look at the further support levels because there is a chance for price to continue lower!
Show some support by commenting and give us a like as well!
It has even reached the first support at 1784.
But that's not all!
We're expecting that this downside move will continue. The next level for price should be 1748.
That's about 40$ move which means it will take some time and price will make a few pullbacks, but that's the right direction.
Do not enter any trades based on your expectations but only based on what's actually happening.
We're looking at a downfall and we can make some profits. It's not time to buy but to sell.
Once market goes down to 1748, we will then look at the further support levels because there is a chance for price to continue lower!
Show some support by commenting and give us a like as well!
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