Hi traders!
As you seen in above chart Gold breaks Rising wedge and Dropped rapidly.
This drop is like a Falling Knife and Momentum is so bearish.
We don't expect major recovery at this area.
Where to Enter?
Best entry point are $1883, 1888.
Stop should be above $1892.
Goals: $1862 and $1844
Every system has a limitation!
As you seen in above chart Gold breaks Rising wedge and Dropped rapidly.
This drop is like a Falling Knife and Momentum is so bearish.
We don't expect major recovery at this area.
Where to Enter?
Best entry point are $1883, 1888.
Stop should be above $1892.
Goals: $1862 and $1844
Every system has a limitation!
