fxplan

Gold: look for signals to sell and rejoin the downtrend

Gold has made a new low at 1053(lowest level since 2010) and started to recover from that level.  A breaks above 1078 could expose the next resistance level around 1100-1105

Watching the indicators, RSI and Stoch escaped the oversold zone in Daily charts, so a jump till 1100-1105 is possible.
Plan: Wait a sell signal around 1100-1105
Stop Loss: at 1120 //  Take Profit: at 1040
gold

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