Gold- Caught between two Pin Bars
So far, December was a very tough month for Gold traders, with the price trading in a range, just to spike down at 1750, reversed, and visiting resistance at 1810 zone on Friday.
The last 3 trading days are market by 2 Pin Bars with a bullish candle in between giving us a very simple, but inconclusive outlook, 1810 zone is resistance and above 1750 is support.
My outlook remains bearish, but with moderation at this moment, and I'm waiting for more confirmation under the 1785-1790 zone.
On the other hand, a break above the 1810 zone would put a pause in my outlook
The last 3 trading days are market by 2 Pin Bars with a bullish candle in between giving us a very simple, but inconclusive outlook, 1810 zone is resistance and above 1750 is support.
My outlook remains bearish, but with moderation at this moment, and I'm waiting for more confirmation under the 1785-1790 zone.
On the other hand, a break above the 1810 zone would put a pause in my outlook
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