GOLD: Will price fill the imbalance of 1983 region?

Gold rejected at 2078 and dropped down to 2030 where it had some correction in the price movement. Today price touched $2050 and from that area we saw a strong selling pressure, if price do continue to drop, we may see it hitting 2020$ key level first and then 2000$ key level will be our second area of exiting the trade. Though 1980$ is our final target.

Second scenario is where we might see price filling the buy side price void area in the region of 2065$ if that is the case then it would likely to occur after the news volatility kicks in tomorrow.

So what do you think about gold future?

Transaction en cours:

Gold drop from our first entry dropped around 250+ pips and then once the market settled price touch our second area of entry and now dropping 90+ pips. We will have to monitor the price action carefully, from this reason we can see a nice drop of 600-700 pips idea.

Added the link here of how price moved we have first entry that we took 2050$ and we have second entry from 2063$.

Commentaire:

Dropped from 2064 point to 2017$ making it around 437 pips dropped. Great we had pin point entry.

Commentaire:

Gold had retraced back to the 2060$ region after dropping 450+ PIPS. And then drop again, until 2002 which gave us nice profit of 620+ PIPS.

On Friday Gold pushes up to $2040 region making it a third great opportunity to sell, Gold.

Commentaire:

600+ Pips price came to $2040 region and then dropped as explained in our previous comment. Still expecting price to drop further.

Trade fermée: cible de profit atteinte:

720+ PIPS TP HIT