Hello traders, Gold is shifting back from the resistance that is keeping it from rising further. It is also bound by a rising wedge. Once a violation of the wedge occurs, we can see Gold dropping down to 1700. We already opened sell positions the previous day. To catch a good opportunity, sell position can be opened at 1816 with Stop Loss above the resistance at 1838. With target of 1867-1870.
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Happy Trading.
Please show support with a like. If you have any suggestion please share in the comment section below.
Happy Trading.
코멘트:
Updated target 1767-1770. Apology for the error.
