The false breakdown in gold on Tuesday opened new targets for short positions.
Traders should pay attention to market signals in the coming days, especially on the rollback from yesterday's decline during the US trading session.
The first targets are 1783, 1765 and 1727.
Part of the position should be left to the level of 1614.
This trading idea is based on Price Action and Stop Hunting methods.
Good luck in trading and have a nice day! Don't forget to control the risks.
Relevance up to 09:00 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
