Gold Spot / U.S. DollarUpdated Correction expected before moving Upward
It could not hit expected 1929 target yesterday. Closed well below previous day close and is looking short term bearish. Expect to hit 1887..... 1867 and 1850 area if shows further weekness. If the price turns upward from here the target should be 1918....1929 and 1950 ( strong resistance) on strength.
Personally I feel the price needs to cool off for a bit, so expecting a lower price.
Personally I feel the price needs to cool off for a bit, so expecting a lower price.
Note
As expected the Gold hit 1887, 1867 and now should head to 1850 after a retracement
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