Gold has entered its bearish zone and will confirm sell if it goes down below $1975. King dollar is dominating over most of other currency pairs because of decreased virus cases and increase in employment rate. DXY and stocks were also bullish. NFP also became catalyst in gold's bearish momentum. Sellers are confident for a correction of atleast 1000 pips bearish. $1985 was a strong resistance and gold had breached it after trying for 5th time. It already has breached this support and is consolidating at the moment.
Entries should be taken on this idea only if all the rules of entries are satisfied.
Entries should be taken on this idea only if all the rules of entries are satisfied.