It is almost inconceivable that gold can break through this area on the first attempt. So a sell here is logical specially when price touches 1746-1748 zone.
Will it break through? At this time and in the current wave, I dont believe so.
However if it does cross with a strong H4 close we have to seriously consider 1769-1772 as the next target.
Will it break through? At this time and in the current wave, I dont believe so.
However if it does cross with a strong H4 close we have to seriously consider 1769-1772 as the next target.