The weekly outlook for Gold is positive. Based on recent Institutional activities, we can assume the price will resist the $1820 level. If prices are rejected between the $1810 and $1840 level, we can Short Gold. Our Target for Exist should be $1730 and Stop Loss should be $1845.
The Sniper entry prices should be searched on the 4-hour chart. This chart is indicating that the market is in the bullish mode in the lower timeframe. And we should focus on long entry for the short term before we can prepare the short for weekly. Our departmental entry SL and TP are the following. Please note this is only our internal data, and by no means is this a recommendation to buy or short the Gold.
