Entry - 2007.28
SL - 2008.38
TP - 1995.18
Bearish bias
Downtrend structure
Retraced bullish move
Gold had pushed up to make Daily highs during London session and then started to come back coming into pre-NY. Price action was creating a minor downtrend structure - lower highs and lower lows
After the role reversal around 2009.3 and resistance was formed, that set up the sells to continue down. 13.30pm GMT, a bearish candle broke support and the previous candles low and started the push down to retest the lows in the structure for a 120pips
Empire State Manufacturing Index - USD News - Better than expected
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