Waiting for a pullback as Gold has turned negative
Updated
XAUUSD Considering the market opening gap and the 1985 rejection mentioned in my previous idea, it comes as no surprise to witness Gold breaking out to the downside.
After diving through the 1975 and 1972 demand zones, I anticipated a displacement, and that expectation has been realized to ping 1965.
I am currently seeking a Short entry below the Daily High of 1985, targeting the new resistance level established around the 1980 price area with the aim to reach the 1962 Support zone
Order cancelled
The pullback did happen but the price action went further and broke above yesterday Daily High 1985Related publications
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