GOLD reversal ?

1 Ağu 2019

We have noticed that gold has spike to a region of demand area based on the graph. Counter trend line has been broken but no retest has been made, what i could observe from here is that, there is a probability for price to make one last leg higher to chase last weeks high before dipping during NFP tomorrow. Non the less this entry will have a tight stop loss on yesterdays low, as we can see a bearish momentum on the 4h candle. Risk to reward is fairly important here.