GOLD with new sell opportunities! (Update)
Yesterday's analysis remains the same.
After the rejection on Friday, price is currently trading at support. This is not a moment to open new positions!
We will be selling again once we have a clear breakout of previous low, or if we see price with another push into our sell zone.
In case of a breakout of previous low, we will definitely have better risk to reward ratio as well as higher winning probability.
If we see price back into our sell zone, then we will be looking for another rejection and then possible entry.
Targets are still below 1725. The specific TP levels will be mentioned in our next analysis.
FOMC is due tomorrow - that's when we can normally see big moves and possible reversals. In our analysis tomorrow, we will see what are the options before those news!
After the rejection on Friday, price is currently trading at support. This is not a moment to open new positions!
We will be selling again once we have a clear breakout of previous low, or if we see price with another push into our sell zone.
In case of a breakout of previous low, we will definitely have better risk to reward ratio as well as higher winning probability.
If we see price back into our sell zone, then we will be looking for another rejection and then possible entry.
Targets are still below 1725. The specific TP levels will be mentioned in our next analysis.
FOMC is due tomorrow - that's when we can normally see big moves and possible reversals. In our analysis tomorrow, we will see what are the options before those news!
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