Gold is still bearish...
Updated
Gold is accumulating after the big bearish candle.
Gold will continue to be under bears influence until and unless 2067 is not breached.
2012 is imp support level if breached on daily TF then expect 1940 target in coming days.
Invalidation point of our view is 2067.
Long term = Bearish
Short term = Bearish
Fundamental news coming today as everyone are waiting for PPI and Jobless claim data.
The data will play good role in Gold and global futures.
Stay safe and trade safe.
Note: The above is not a trade recommendation. Consult your financial advisor before taking any.
Gold will continue to be under bears influence until and unless 2067 is not breached.
2012 is imp support level if breached on daily TF then expect 1940 target in coming days.
Invalidation point of our view is 2067.
Long term = Bearish
Short term = Bearish
Fundamental news coming today as everyone are waiting for PPI and Jobless claim data.
The data will play good role in Gold and global futures.
Stay safe and trade safe.
Note: The above is not a trade recommendation. Consult your financial advisor before taking any.
Note
Short traders go with SL of 2050.If gold hits SL it can go upto 2085 as wave B.
Then we can enter for wave C downwards.
Note
Looks like the structure is not supporting more fall in GOLD and we can see more pullback to upside.
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