Mihai_Iacob

Gold- Waiting for a trigger

Short
Mihai_Iacob Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As I said yesterday, Gold is in consolidation after the strong bearish reversal started last week.
The recent rise is contained in a flag that suggests continuation to the downside and my idea remains the same: Sell rallies in the 1900 zone.
The target could be 1860 recent low and old resistance, but in medium term if the price remains under 1900, it could drop even to the 1820 zone
Comment:
Target hit.

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