As we can see trend on Gold has been changed, Gold has made lower low and lower high.
Now gold is on correction zone, and I think this is a correction for Short.
weekly candle in Gold is closed Engolfing, this is one of the confirmations that gold should gain some liquidity and continue towards to sell.
The most important News of the month are coming, I think FOMC meeting minutes and NFP will be positive for USD and will also help the sell in Gold.
I think that we should try to achieve the highest point for Sell.
First and important target at the point: 2270
and stop loss 2365
Now gold is on correction zone, and I think this is a correction for Short.
weekly candle in Gold is closed Engolfing, this is one of the confirmations that gold should gain some liquidity and continue towards to sell.
The most important News of the month are coming, I think FOMC meeting minutes and NFP will be positive for USD and will also help the sell in Gold.
I think that we should try to achieve the highest point for Sell.
First and important target at the point: 2270
and stop loss 2365
Trade active:
+466 pips