Gold Lower
Seeing as we have had the start of a much needed retrace in gold and broken the old range to the downside, i would expect a test of the bottom of current range around 1173 before any attempt at a move higher. Rebounds continue to be weak and the buyers appear to be waiting for price to stabilize before stepping back in.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.