Gold short idea H4

٢١ يناير ٢٠٢١

After breaking a strong resistance 1863 gold reached 1870 and till now staying above 1863 (that has become a support now), next channel resistance is 1880-1882, at this point buyers will encounter with sellers and most probable is the gold will drop from this point to 1860 area, will get a trend line support and again will go up, if could not stayed above 1882 then again will drop to 1840-1835 support of rising trend line. Recommend sell from 1880 with sl 1890, targets 1860-1850-1840