Gold is reaching the downside support
Gold is testing the downside support, a previously broken resistance 1906. A rejection of this level and a confirmed break below 1860 will give us a higher probability of the short trade entries. A break above 1906 is now required for an upside reversal. The overall medium-term is a downtrend but we need to see a confirmed break below 1860 for the downside continuation. Wait for the price action setup.
Note – We are inclined to short trade entries with the stop loss above 1870 on a clear confirmed break below 1860.
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