Analysis: Gold is still ranging around the 50 DEMA. I am still bearish on gold and I will be bearish until we finally reach the 1500-1600$ zone. Once we managed to hit the bottom of the bearish trendline support zone, I will add long positions, as I expect a strong V shape recovery from there. Right now I am adding some low size short positions from the current price level.
Trade active:
We have some good result so far.
