Though the risk sentiment on the gold has less investors. Amid corona virus fear the investors tend to invest in gold,CHF,JPY as a safe heaven assets
*After reaching the milestone level of 1700.00 a stronger bearish engulfing handle has formed in 4 hour chart its almost lost 2000 pips in the span of 9 days
*Further downward momentum will persist in coming days
*We can expect short term bounce towards 1550-1560 level which is also a 78.6% Fibonacci
*From this level we can short this pair and the potential take profit will be 1487.00
*Stop lose may placed above 1595.00 level
*Please leave your valuable comments below
Trade active
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The primary target was acheived..and it's running towards 1486.00 level