Bearish drop?The Gold (XAU/USD) is reacting off the pivot and could drop to the 1st support.
Pivot: 2,882.07
1st Support: 2,831.19
1st Resistance: 2,917.97
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Zau
GOLD shortMetals havent been performing well recently and after the big drop a few weeks ago cementing the current trend I feel like this recovery will be short lived as we now head but the overall down trend once again.
Looking to target the previous support over the next week or 2, but if we break this trend and find support here i may bail early and look for the bull case and change in market structure if we can form a higher high on the HTF and then look for the pull back for a long entry