During the last week, gold has been moving and justifying our expectations.
And here is what we're looking for right now. It''s more likely that we will see a downside continuation. We could be even more confident once we see a break below the 1793,60 level. This will confirm the downtrend on the hourly chart and we could then expect another push down to 1772 and 1757!
Entries before that are considered more risky and you should be using a smaller lot size. So if you will be entering now, then make sure to use proper risk and add to your position on the breakout.