Gold- more downside?
After reaching a low under 1450, Gold corrected around 1475 zone and couldn't reach 1480 major resistance. We believe that Gold could fell more, at least till 1440 support or even to major support around 1400.
Strategy:
Sell around 1465
SL @ 1480
First target @ 1440
Second target 1400 (swing)
Recommendation:
Open 2 trades, both with SL @ 1480
First TP @ 1440
If the first target is hit, move SL in break even and let it run
Strategy:
Sell around 1465
SL @ 1480
First target @ 1440
Second target 1400 (swing)
Recommendation:
Open 2 trades, both with SL @ 1480
First TP @ 1440
If the first target is hit, move SL in break even and let it run
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