Gold sitting on trendline, wait for Tuesday before trading it

XAUUSD made a massive drop when the Asian session is open. It dropped more than 300 pips that result of many buyers getting stopped or even burned their accounts. This is a very common scenario when you are trading in December as a lot of happenings are happening and the General Elections are still kicking which can really effect a lot on our trades.

So the Gold is still sitting on a short term trendline in a 30 minute chart and is expected to go up even more up to 1500, regaining its position. There is still a possibility that it will go down in Trap Monday, which is the day where there are small volatilities and no important economic happenings are happening.

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