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Pacorabs
Oct 14, 2020 11:04 AM

Gold Correction Update 

GoldOANDA

Description

Long term picture for Gold remains bullish

We're still consolidating between 50 and 100D SMA. But March is currently uptrend under a lot of bearish pressure
* Another failure to break above old ATH may mark the start of a new corrective leg
* Break beneath 100D MA could go all the way down to 1800. This may present a HUGE buying opportunity as the overall bigger picture still remains positive for Gold

Looking forward to hearing your thoughts!
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