In yesterday's comment, I said that bulls should be careful at 1880 zone and Gold reached shy under this strong resistance zone and rolled back.
The price dropped to 1860 support and, as it was normal, a pullback followed.
At this point, bulls seem to have lost control and a leg down is probable.
Sell rallies is my strategy with a target of around 1840. A daily close above 1880 would negate my bearish scenario and would signal the resumption to the long term bull trend
The price dropped to 1860 support and, as it was normal, a pullback followed.
At this point, bulls seem to have lost control and a leg down is probable.
Sell rallies is my strategy with a target of around 1840. A daily close above 1880 would negate my bearish scenario and would signal the resumption to the long term bull trend
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