Gold keeps breaking new low
Gold has opened to more downside since the weekly demand level 1760 was taken out.
We now have little doubt that gold will retest its 14-month demand level just under 1700.
Therefore, we plan to keep selling the pullback on every visible short-term downtrend.
For today, we will be waiting for the pullback to the trendline at 1744 to sell.
A spike or a final push towards the upside should be taken into account where we will find another selling opportunity at 1750.
We now have little doubt that gold will retest its 14-month demand level just under 1700.
Therefore, we plan to keep selling the pullback on every visible short-term downtrend.
For today, we will be waiting for the pullback to the trendline at 1744 to sell.
A spike or a final push towards the upside should be taken into account where we will find another selling opportunity at 1750.
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