Here is our analysis on gold
The pair is currently at $1760
The pair triggered & hit our TP for our Sell order, see previous analysis linked below
We expect either an immediate reversal or a continuation to $1745 range before a reversal
We haven't placed any orders on this pair but here is a set up on where we would set up our positions
If reversal is confirmed Buy Stop orders will be placed in the $1775-$1770 & our TP will be anywhere below $1794
Remember from our previous analysis $1794 acted as a strong resistance in this pair so generally we would place our
TP below this level, preferably $1789
Note: Next support resistance for the pair is $1750 which is within the descending channel
It is possible that Gold might touch this level before a reversal.
The pair is currently at $1760
The pair triggered & hit our TP for our Sell order, see previous analysis linked below
We expect either an immediate reversal or a continuation to $1745 range before a reversal
We haven't placed any orders on this pair but here is a set up on where we would set up our positions
If reversal is confirmed Buy Stop orders will be placed in the $1775-$1770 & our TP will be anywhere below $1794
Remember from our previous analysis $1794 acted as a strong resistance in this pair so generally we would place our
TP below this level, preferably $1789
Note: Next support resistance for the pair is $1750 which is within the descending channel
It is possible that Gold might touch this level before a reversal.
