Will Gold drop to 1788 again? Price action suggests so!
Gold price got rejected exactly at the 100 day EMA and currently, the price has settled well
below it. So, buyers need to be very careful here.
There is a good chance that the price will drop to the key level at 1788 once again. I would advise
traders to wait and watch before buying. In my opinion, 1780-1790 would be a good level to buy.
Short-term traders can consider selling if bearish price action persists and target 1790 as TP.
below it. So, buyers need to be very careful here.
There is a good chance that the price will drop to the key level at 1788 once again. I would advise
traders to wait and watch before buying. In my opinion, 1780-1790 would be a good level to buy.
Short-term traders can consider selling if bearish price action persists and target 1790 as TP.