GOLD IS BEARISH (Live Forex Education Academy)

Gold is in between two major trend lines out of the which one is suggesting Sell Continuation continuation pattern and one is Buy continuation pattern.
However, Gold has broken selling trend line but the same has been retest by the gold but it is under pressure because it is at 61.8% of Fibonacci retrenchment of selling trend.
Buying trend line continuation pattern is yet to be broken by the gold for selling confirmation.
Further, an excellent US ADP report has destroy gold buyers & today the NFP report is yet to be published and strong NFP report favor the gold buyers.
wait to break the 1782 level, if it breaks the same zone then go to sell.

Trading Tips:
Sell @ 1794-1802
TP1 1782
TP2 1772
TP3 1762
TP4 1734
TP5 1702

SL 1832

Trade at your own risk.
always close

Komen:

Corrigendum:
Strong NFP report favour the gold buyers may be read as "Strong NFP report favour the gold sellers"

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