Mihai_Iacob

Gold- Bearish scenario in play

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Three days ago, after the strong reversal from close to resistance and the Evening Star candles formation, I've become bearish Gold.
However, the Pin Bar from 1795 support made me sit on the bench yesterday.
At this moment, a new Pin Bar and a strong reversal from above 1820 resistance made me a bear again.
From a technical point of view, is very probable to have a lower high in place at this moment and XauUsd could continue its fall towards 1750 support
As I said, 1790-1795 is interim support at this point.
I will look to sell rallies close to 1820

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