Gold Short Below 1755.00. Next 1720


From the present rate 1776 is identifying as an immediate resistance, And Strong swing divergence identifying at 1789.00 price area.

From 5th June a major rising trend line playing as a strong support. Gold still holding this rising trend line. Breaking below this rising trend line, Gold may go for big correction.

From the present rates, 1755 is the rising trend line break out area. Alongside, 1747 has a double bottom. So 1747 will play as strong support as well.

If 1747 breaks below minimum H4 candle, Our TP1 target is 1720. And breaking below 1720 will open the door for 1690.00 price zone.

Gold Sell Stop @1755
SL: 1805
TP: 1690


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