Gold saw a massive sell-off throughout yesterday and overnight, price now seems to be finding it's feet on the 4H 200SMA and major diagonal support. This level also coincides with the Monthly and Weekly S2 Pivots @ 1905 meaning a proper 4H close above it could be the start of the next bullish run. I will suggest keeping a tight stop loss with a stop @ 1850. Watch out for resistance at the 4H 100SMA as rejection could send price lower again. Consider moving your stop to breakeven in that scenario.
Ordre annulé:
Idea cancelled for now. Starting to look very bearish for the near term