Weekly Structure - Uptrend
Daily Structure - Uptrend
After gold achieve 1.689,00 we have seen a small correction this tuesday 25th February. The price moved lower creating a small downtrend. If we go to small time frames (15 minutes) we saw that it create a support around 1.633 and have now been broken and re-tested and the last 4 candles on this time frame the price didn't close above 1.635,50. We may continue to see this correction moving lower until 1.560 (the price near the weekly support and resistance zone).
TP1 - 1.612,00
TP2 - 1.560,00
SL - 1.655.41