Gold dropped on positive risk sentiment - $xauusd #xauusd #gold

The gold market nose dive on news of cease fire from Russia/Ukraine. Moves like this usually suggests there is a kneejerk reaction and are likely to bounce back higher. However, before we do that we will need to see signs of the market bottoming out and developing value. There is further support for gold at 1900 handle and 1895. If this sell off is real, both of these levels will have to give way unless buyers come back in and support the broad gold market rally.