we saw a a violent drop in gold due to a very strong US job data that shook out the not only the gold market but most of the majot markets .
currently gold is at 1860/1865 a very strong zone and with the previous drop we are likely to see a correction from these zones toward 1876 / 1883 /1890 levels.
now if this zone fails to hold than there is a good chance for the price to continue it's bearish run toward 1815/1802 levels.
since currently gold is at a good zone and the win/lose ratio is in our side a buy from the current price is highly suggested but remember to trade a logical lot size , do not risk more than you can't afford it , and target the above mentioned levels .
you can swap to sell only once we get a break under 1860 level.
currently gold is at 1860/1865 a very strong zone and with the previous drop we are likely to see a correction from these zones toward 1876 / 1883 /1890 levels.
now if this zone fails to hold than there is a good chance for the price to continue it's bearish run toward 1815/1802 levels.
since currently gold is at a good zone and the win/lose ratio is in our side a buy from the current price is highly suggested but remember to trade a logical lot size , do not risk more than you can't afford it , and target the above mentioned levels .
you can swap to sell only once we get a break under 1860 level.