Gold: possible move to 1640-60s before any mean reversal

Jul 24, 2022

Gold likely to move back to previous week low as long as it trades below 1728. A clear break of 1728 comes 1748 which once broken brings 1800 on the card. At the mean time I'll see any move to 1734-36 as a cautious selling opportunity with risk management expecting it to pull back on the same candle below 1728 on 4h-daily time frame. Target at 1683 followed by 1650s-60s.