π Gold - Bearish - We look to Sell at 1615.08
βͺ The medium-term bias remains bearish.
βͺ Following last week's retracement candle, the overall trend is set to continue downside.
βͺ A firmer opening is expected to challenge bearish resolve.
βͺ Prices are expected to stall near trend line resistance at 1675-1680.50 levels.
βͺ We look to sell rallies in the coming weeks or so.
-Heavy volatility is expected after the Interest rate announcement on the 2nd of Nov.
Confidence: βββββ
β Stop 1615.08
π― Target 1: 1601.70
π― Target 2: 1575.30
βͺ The medium-term bias remains bearish.
βͺ Following last week's retracement candle, the overall trend is set to continue downside.
βͺ A firmer opening is expected to challenge bearish resolve.
βͺ Prices are expected to stall near trend line resistance at 1675-1680.50 levels.
βͺ We look to sell rallies in the coming weeks or so.
-Heavy volatility is expected after the Interest rate announcement on the 2nd of Nov.
Confidence: βββββ
β Stop 1615.08
π― Target 1: 1601.70
π― Target 2: 1575.30