Gold- Bearish under 1860
Two days ago, Gold broke above the small triangle's resistance and made a local high shy under 1880. However, this break has proven to be a false one and XauUsd droped hard to an intraday low at 1850. Yesterday the price recovered and bulls tried to conquer 1870 resistance again.
My outlook for Gold at this moment is bearish and a drop under 1860 would confirm my view.
We can see Gold retesting 1830 now support and 1850 is interim support
XauUsd above 1880 would negate this bearish scenario
My outlook for Gold at this moment is bearish and a drop under 1860 would confirm my view.
We can see Gold retesting 1830 now support and 1850 is interim support
XauUsd above 1880 would negate this bearish scenario
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