Gold needs to hold 1660 to 1670.. short term target 1760

Gold needs to hold 1660 to 1670. this month..Charts looks dangerous.. if 1660 is not held.. this looks massive descending triangle confirmation from Aug 2020... targeting 1260...long term. I am still open for this view unless downtrend line is broken on the upside and stays above at least for two days...

. As of now it looks over sold with DSI around 8....more chances of reaching 1760 to 1770 before going down...61.8% retracement of range 151 dollars is possibe (1831 -1681) which gives target around 1770.

Trade chiuso: obiettivo raggiunto