On the Gold daily chart, we can see that the instrument is going for a retest of the broken uptrend line 1280-1290 zone. The reaction from this zone will lead to a downside continuation or an uptrend reversal. We don’t expect the downside continuation to continue from here.
Note: look for the long trades intraday with the SL just below 1250
Happy trading! (click on the chart to enlarge it)
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