Gold: Still in the descending channel
Updated
Gold's down due to bond yield raised yesterday tested $1785 (Previous low area)
Well as 1785 area is a demand zone we would see gold rising up a bit
For me I expect to sell If the price comes up to $1812 area which are Key level + Fib38.2%
Even though the price has already tested this area but the rejection was so strong
So I would suggest this area for sell.
Well as 1785 area is a demand zone we would see gold rising up a bit
For me I expect to sell If the price comes up to $1812 area which are Key level + Fib38.2%
Even though the price has already tested this area but the rejection was so strong
So I would suggest this area for sell.
Trade closed: target reached
Price retraced from the area given 1,700 pips
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