Gold- Sell after correction
As I warned at the beginning of the month, Gold could change its medium-term trend, and since then, the price has dropped 800 pips with most of these pips made this week.
Now the price is in a normal correction after such a steep drop and this can offer a good selling opportunity for bears.
1755-1760 is now the resistance zone and here we can look for selling signals in the market.
Gold back above 1775 would delay this bearish scenario.
Now the price is in a normal correction after such a steep drop and this can offer a good selling opportunity for bears.
1755-1760 is now the resistance zone and here we can look for selling signals in the market.
Gold back above 1775 would delay this bearish scenario.
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