Gold retreats from two-week tops amid receding demand for traditional safe-haven assets.
The USD remains well supported near 4-1/2 month tops and collaborates to the weaker tone.
Gold edged lower on the first day of a new trading week and for now, seems to have snapped two consecutive days of winning streak.
The precious metal failed to capitalize on its recent...
Break Green trend line ---> Buy to the target level
( Stoploss if drop below red TL )
Drop below Red trend line ---> Sell to 1530 zone or lower to 1463
( Stoploss if above green TL )
IMO I bias in Long entry but we should wait till it breakout up or down to confirm.