I had mentioned about a retracement in the gold price to above 1183 in my previous post, while being cautious of a drastic fall. https://www.mql5.com/en/blogs/post/653974. The gold price dropped literally under a minute on Friday, closing the demo account where i use high leverage and low margin levels than my recommended margin levels. The amount of pips available in every price prediction from a potential low for a BUY or a potential high for a SELL is always high. As mentioned in my previous post, level 2 set up is still showing a strong prospect of a retracement which can turn big, as a retracement in MN time frame. Hence entered two BUY orders with 0.1 lot size with 500% margin level. Even a single MN candle going up to 1400 looks possible, which will erase the past two and a half years of downward movement. The level 3 set up shows the possibility of price movement between 1500 and 500 as mentioned in my initial posts. The question is if it will go down after a retracement or without a retracement. If the gold price goes below last week's low, then it will down without any retracement.
