Mihai_Iacob

Gold remains bearish

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Yesterday Gold tried to pass 1880 but bears quickly took control and NY close found the price slightly above 1870.
Today the precious metal continues its descend and is trading at 1867 at the time of writing.
Things look pretty clear now with 1880-1885 resistance and 1850 support.
Sellers hold the upper hand now and 1880 should be sold with 1850 target.
At this point, the price is in the middle of the range so those of you who are not already in a sell trade is best to sit on their hands for now

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