better take a small lot entry here as it losses momentum and its in sell zone
I hope you guys took profit at tp 2. but I am hoping that it will fall more if it crosses the trend line its better to book profit and leave
Retracement done breakout done following trend line. No news coming which can push gold.
As we can there is a false breakout and in the selling zone sellers are active now sma 50 indicates selling as well as Sma 200 in 30 minutes 1 hr time frame. there will be increase in the trading volume zoon
As per the feb retracement the gold is likely to bounce back from this point . as we can also see an uptrend line . previously gold also bounce back from this point. i hope you like my idea. but i think before going up directly it will stay in range for a while .