Gold- to break confluence support
On Friday, Gold has reversed from my sell zone from 1810-1815, just to clearly show weakness yesterday with a price not managing to stay above 1800.
At this moment the price sits exactly on confluence support at 1790 and I expect a breakdown.
This break will confirm my medium-term outlook for Gold, which, as I say for 3 weeks now, is bearish, and expose 1720 support in the first instance.
Furthermore, Gold can drop under 1700, to 1680 strong support.
Sell rallies is a good strategy in my opinion
At this moment the price sits exactly on confluence support at 1790 and I expect a breakdown.
This break will confirm my medium-term outlook for Gold, which, as I say for 3 weeks now, is bearish, and expose 1720 support in the first instance.
Furthermore, Gold can drop under 1700, to 1680 strong support.
Sell rallies is a good strategy in my opinion
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