Gold has failed to closed weekly above 2010 level after it placed 2032, so we'll call it Bulls Trap.
On the other hand, If you look at the Triangle pattern where the conflict area of 50EMA
& support level of 1988, the market is going to retest its broken Structure.
How to Trade (Key levels).
At first 1988-90 then the market will back to 2006-10 levels (Selling zone).
Profit taking at 1978 & 1966.
Stop should be above 1932 (recent high).
Trade at your Own Risk!
On the other hand, If you look at the Triangle pattern where the conflict area of 50EMA
& support level of 1988, the market is going to retest its broken Structure.
How to Trade (Key levels).
At first 1988-90 then the market will back to 2006-10 levels (Selling zone).
Profit taking at 1978 & 1966.
Stop should be above 1932 (recent high).
Trade at your Own Risk!