Gold- was yesterday the "swan song"?
In yesterday's analysis I said that although Gold seems bullish, I'm not at all convinced of this move.
My opinion hasn't changed, even more, from my perspective, a BIG DROP is just around the corner.
From a technical point of view, I've drawn attention several times to the multiple lower highs that Gold is putting in on the daily chart, to the fact that the rise from 1850 is corrective in nature and lacks real buying impulse.
Yesterday 1930 proved to attract sellers as a magnet and Gold dropped quickly.
Now we are at 1914 (time of writing) and this zone represents interim support zone.
My first selling confirmation comes with a drop under 1910 followed by a daily close under 1900, the point where bulls lost the fight.
Also, in the eventuality of a daily close under 1900 my target for Gold will be revised to 1800.
Looking to sell on rallies or on a break under 1910
My opinion hasn't changed, even more, from my perspective, a BIG DROP is just around the corner.
From a technical point of view, I've drawn attention several times to the multiple lower highs that Gold is putting in on the daily chart, to the fact that the rise from 1850 is corrective in nature and lacks real buying impulse.
Yesterday 1930 proved to attract sellers as a magnet and Gold dropped quickly.
Now we are at 1914 (time of writing) and this zone represents interim support zone.
My first selling confirmation comes with a drop under 1910 followed by a daily close under 1900, the point where bulls lost the fight.
Also, in the eventuality of a daily close under 1900 my target for Gold will be revised to 1800.
Looking to sell on rallies or on a break under 1910
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t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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