Gold will fall to 1830

Now that Gold has reached our initial target, it has completed a cup in which the next thing that follows is most likely a handle or possibly creating a W pattern. Gold will eventually need to retest somewhere in which is the 1830 level. The resistance around this area is also very high.

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Candles after the spike down do not look good. Trade Closed at +230 Pips

Comentarios:

Look like Gold will go to the initial target.