Gold Next Move ( High or Low ? )
GOLD fell to near 7-month lows Thursday as traders pushed the yellow toward mid $1,800 levels in a decisive break from the $1,900-an-ounce support decimated in the prior session. Gold’s collapse below the $1,900 level has opened the door for technical selling towards the $1,870 region,” added Moya. :”If global bond yields are heading higher despite expectations that inflation will come down, current market positioning could allow a gold plunge towards the $1,800 region.So my opinion about short term , the yellow metal
XAUUSD will retest to 1887 zone then we will see if he breaks the resistance line or reject it .
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