Gold Bearish Move Continues

18 February 2021 | Updated: 18 February 2021

Long Term View On Gold
Gold has broken with the previous lows at 1785 and is now retesting and rejecting them. Here is the short opportunity for a daytrade.
Daily view on Gold
The upside in Gold is capped by today´s Point Of Control (POC) and VWAP (Volume Weighted Average Price). These 2 instruments confluence with our retest level. The highest probability trade is to the downside.
We should target the area between today´s lows and yesterday´s lows for this daytrade.

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