Gold has been declining over the past days. However, the bearish trend seems to have ended today during the Asian session, which may lead to a correction.
After that, it is likely that the downward movement will resume, but this time in a much larger scale.
The main target will be the update of the yearly low at 1614.
Medium-term traders can only work for a fall after a rebound, while intraday traders can participate in both movements.
This trading idea is based on the "Price Action" and "Stop Hunting" methods.
Good luck and have a nice day! Don't forget to control the risks.
