Possible retracement on GOLD!
Yesterday we saw another drop and a lower low on GOLD.
Today, we had another drop, however price didn't manage to break below.
That gives a signal for a possible end of the current downside move.
If we see another breakout of previous lows, then we could expect price down at 1700.
But if we see break above previous high, then it's very likely to see the beginning of a retracement.
We won't be taking part in the upside move, but we would wait for that retracement to end so we can then go short again.
To find out when all of that will happen, make sure to follow our daily analysis!
Today, we had another drop, however price didn't manage to break below.
That gives a signal for a possible end of the current downside move.
If we see another breakout of previous lows, then we could expect price down at 1700.
But if we see break above previous high, then it's very likely to see the beginning of a retracement.
We won't be taking part in the upside move, but we would wait for that retracement to end so we can then go short again.
To find out when all of that will happen, make sure to follow our daily analysis!
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💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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