GOLD is Trying to Break Lower

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

GOLD is trying to break lower as the market is ranging at this moment.

The USD strength is making gold weaker. We could see a potential SHS pattern as GOLD is trying to push lower. We should see it down but the market is slow. The FOMC decision is making it rangy. However 1785 is the entry zone and the final target is 1758. Selling the rallies is the option. Look for 1785 rejections.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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