It is very strange that gold fell by the equivalent of more than 100 points in less than a month, even if expectations indicate a further increase in interest rates, but the decline is exaggerated and I do not see clear reasons for this. I believe that it is far from technical analysis or the rise of the dollar. There are things that we ignore.
But technically, I think that more than this decline would be disastrous, and I think it is time for a correction to the points $1850-$1860, after which we may return to the downward trend again to the border of $1775.
But technically, I think that more than this decline would be disastrous, and I think it is time for a correction to the points $1850-$1860, after which we may return to the downward trend again to the border of $1775.
Trade active:
We still need to reach 1865 to confirm bounce
Trade closed manually
