Looking at the chart we can see. 1. According to the Volume Proflie, we see a very rich area of liquidity that is 1963 - 1965. 2. Besides, it is very likely that Gold will tend to return to retest the EMA200, and possibly cheat a lot there, and then continue to go down with the trend. 3. Fibonacci retracement of yesterday's GDP announcement wave will likely push the test wave.
All of the above creates a confluence for us to have a sell order in gold: ** Entry : 1965 - 1970 ** Stoploss : 1975 ** Target Expectation : 1938
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