Gold Analysis 16 oct 2021

gold return to the critical level 1765-1768 if trend break it up in 4 hour chart then it will go to the 1800-1832 , and if break the trend down then will go to the 1716-1725 then to the 1680 .

we should know that us data is highly important also the political tension with iran & china will play a big role in the market for the next 4 weeks .

personally will go with short positions with minimum lots volume, and as soon the price hit the 1680 will stop selling and will start buying .