Mihai_Iacob

Gold- new leg down on short term?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
After breaking under short term trend-line, Gold dropped and found support under 1940 zone.
This rally that we assist is a correction of 1970-1935 drop, and in my opinion, should be sold.
The target for shorts could be 1920 support and a rise above 1960 zone would invalidate this short term bearish outlook

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