We're looking for a sell zone here on GOLD again.
This zone is very close and we should see price reaction pretty soon.
This is very likely to happen during the news for the USD tomorrow.
As usual, this is a technical analysis based on what we see.
And what we see is a greater probability for a downside continuation after the last drop.
In that next move down, we will be looking for a breakout of 1780 and price eventually reaching 1760 or even lower.
In order to enter a trade here, we want to see a confirmation from the candles inside of this zone.
This zone is very close and we should see price reaction pretty soon.
This is very likely to happen during the news for the USD tomorrow.
As usual, this is a technical analysis based on what we see.
And what we see is a greater probability for a downside continuation after the last drop.
In that next move down, we will be looking for a breakout of 1780 and price eventually reaching 1760 or even lower.
In order to enter a trade here, we want to see a confirmation from the candles inside of this zone.
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