Gold is currently in a period of accumulation (decrease) and moving prices in a narrow band. We still have to wait for a clearer signal.
If gold continues to move down and close below 1453 the candle is highly likely to return to the support area 1400-1420.
On the other hand, if gold turns around, the buying opportunity for the long side will be at 1465 and the target will be 1488.
follow me on Telegram and discuss more ideas in trading.
Thanks!
Link join group chat in Telegram: t.me/tradersgclub
Channel: t.me/Exness_Frank
If gold continues to move down and close below 1453 the candle is highly likely to return to the support area 1400-1420.
On the other hand, if gold turns around, the buying opportunity for the long side will be at 1465 and the target will be 1488.
follow me on Telegram and discuss more ideas in trading.
Thanks!
Link join group chat in Telegram: t.me/tradersgclub
Channel: t.me/Exness_Frank