GOLD (XAUUSD) - Time to Exit Shorts - Price is reaching Support

7天前

GOLD 4 hr chat = CMP 2557

Price fell one way from 2800 to 2550 levels now..

Price is currently almost at the support/halt/confluence zone

FIB levels at between 50 and 60%

Previous consolidation resistance at 2530 ( now turns support)

AVWAP from the lows are now placed at 2537

If short, it is better to book out and wait for a bounce.. But Fresh shorts are not advisable here..

This is't a buy call.. One can play the bounce for short term trade.. but more pain ahead

I am not a SEBI registered analyst. Please consult your Financial Advisor for investment decisions