As stated in the previous idea, Gold advanced to the zone of 1995-2010 zone. The target was achieved and accordingly the price fell down hard.
Now for the short term, we can expect the price to advance again towards the zone of 1975-80 before falling towards the 1800 zone.
The strategy for now will be to place the limit short order at 1975 with the stop loss at 1980. Targets will then be below 1900.
Now for the short term, we can expect the price to advance again towards the zone of 1975-80 before falling towards the 1800 zone.
The strategy for now will be to place the limit short order at 1975 with the stop loss at 1980. Targets will then be below 1900.