Mihai_Iacob

Gold could accelerate its losses

Short
Mihai_Iacob Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
On Tuesday's analysis I said that Gold is entering sell zone and after a high of 1815, XauUsd has started to roll back under 1800 important figure.
Yesterday we have a lower high at 1810 and, again, the yellow metal had dropped.
At this moment the ascending trendline is broken and Gold is facing 1800 psychological support and a clear break here would expose 1790 horizontal support.
I expect Gold to be bearish in the next few days and 1750 to be challenged again.
Only a daily close above 1815 would delay this scenario

Comment:
The things become pretty clear
Strong reversal today

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