2711 WKLY P1 Gold is looking for a new selling entry position

Hello traders,

GOLD is totally possible to make a big swing for a weekly correction from 2075 to 1760-1768 zone which is fibo 0.5 position.
Does it mean you should sell GOLD with $200 stop loss?
No!!!
As you could see the weekly resistance zone is still possible for it to retest later.
So keep eyes on lower timeframe chart like 4h or daily chart to find a new daily corrective swing up to 1845-1860 again. Price could retest green EMA there and that could be a new opportunity to make a longterm selling order.

Good luck!!!
LESS IS MORE!