DragonCaptain

GOLD MAY REBOUND, OUTLOOK REMAIN BEARISH

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold may turn back to the 1770 zone as buyers can enter to profit-taking against the USD correction move but the outlook remains negative or bearish for Gold . Gold will remain calm for early weekdays, but economic data in late-week can turn things in again.
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Comments

True, recent Gold trading pattern is giving clue that XAUUSD can go for full correction towards 1780 level before going to north 1650 ....so on level.
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would be a nice bounce for sure, also opportunity to reshort it from overhead.
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πŸ™πŸ™
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ty idea
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Good idea
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Good job !
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