The ounce of gold bounced back for several sessions but is still currently in an overall downward trend. Investors will therefore take advantage of the return on the $1620 resistance to take position. The main target is at $ 1,535, support tested many times over the last few months. The stop-loss will be placed beyond the 50% Fibonacci.
Direction: Down
Entry: $1,620
Stop-Loss: $1,655
Take-Profit: $1,540
