π Gold - Bearish - We look to Sell at 1613.90
βͺ The medium-term bias remains bearish.
βͺ Broken out of the triangle formation to the downside.
βͺ A mild correction has been posted from yesterday's low, this is seen as a retest of the breakout level.
βͺ Support at the levels of 1615 weekly low can be broken.
βͺ We prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Confidence: βββββ
β Stop: 1628.57
π― Target 1: 1604.22
π― Target 2: 1550
Let me know what you think in the comment section:
βͺ The medium-term bias remains bearish.
βͺ Broken out of the triangle formation to the downside.
βͺ A mild correction has been posted from yesterday's low, this is seen as a retest of the breakout level.
βͺ Support at the levels of 1615 weekly low can be broken.
βͺ We prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Confidence: βββββ
β Stop: 1628.57
π― Target 1: 1604.22
π― Target 2: 1550
Let me know what you think in the comment section: