FXAutomate

Are the Gold bears back?

Short
FXAutomate Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold is starting to lose the important Monthly Pivot level @ 1905, if we get a proper 4H close below it, we can see the Monthly S1 @ 1825 being tested fairly quickly. Keep in mind that a 4H close above 1940 will be bullish, so a good place to place short stops.
Comment:
Lots of interest from buyers at the 1905 level, shows the importance of this level

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