Gold- Will this be the day?
I'm bearish Gold for 2 weeks now and, also we don't have acceleration to the downside, yet, XauUsd looks like is building pressure for a break.
The rise from 1760 last week's low is not impulsive and is more a rebound to the previous drop, also the pattern is a flag on lower time frames.
A break of 1780 would expose 1760 last week's low and a break here would lead to acceleration and to my 1720 target.
As you see, I'm pretty bearish Gold and ONLY the price above 1815 would change my perspective
The rise from 1760 last week's low is not impulsive and is more a rebound to the previous drop, also the pattern is a flag on lower time frames.
A break of 1780 would expose 1760 last week's low and a break here would lead to acceleration and to my 1720 target.
As you see, I'm pretty bearish Gold and ONLY the price above 1815 would change my perspective
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