Gold strong bearish move expected

26 Tem 2022

Gold has been unable to break its trendline resistance and made a lower high which shows less interest of traders in buying the pair, it is also testing its support third time around 1712.00 which makes it less likely it will hold combined with a lower high in play. If H1 break and close below 1710.00 area then we will sell the pair with a take profit to the nearest demand area of 1681.00 -1686.00. A reasonable stoploss would be at 1725.00