Hi Everyone,
In our previous analysis of Gold we went Bullish and it HIT our Targets perfectly even though we closed earlier and Booked our profits!
Now, let's talk about the current market situation,
Since 2018 market always heads down breaking yearly lows in such cases of Stocks and Commodities.
and we don't think Gold is ready enough to break and surpass the Majors Resistance levels at 1365.01
as well as our technicals shows a clear Bearish run down from Indicators, Price action and Waves
currently Gold price is hovering at 1341 where 20-SMA, Dynamic resistance and 618 Fib extension indicates
Bearish pattern overlay, (Short term trade will be published in update section below)
So, here's our preferences,
(for Long Term Trade)
SELL NOW - 1342
STOP LOSS - 1366.87
TARGET - 1298.51
have any doubts? than, let us know in the comment section below
and make sure to give this analysis a Thumbs UP +_+
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Source - General public Information!