Spot Gold (XAUUSD) analysis: Gold had a strong supply zone at 1735-1740 and we saw a sharp fall from that level. Now we have a decent short opportunity in gold, at current levels. Gold has also formed a lower high and is in for a lower low.
SELL at 1687 Stop Loss (SL) at 1709 Take Profit (TP) at 1625
Favourable Reward/Risk ratio of 2.8
Always remember to use proper Risk Management and take position size as per risk appetite. I have 100% rights to be wrong about this and I would advice you guys not to consider this a clear signal. This is just my view.