OptimoomFX

Gold- Bulls have lost the fight

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
It has not been a good week for Gold , with the price losing more than 1000 pips from top to bottom.
1800 was the last line of defence for bulls, with an important horizontal support confluent with 50% Fibo of the recent channel up.
At this point, 1800 zone should provide strong resistance and rallies in that zone can be sold.
Only price above 1830 would change my bearish opinion
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Comments

Thanks for sharing Optimoom.. But I do not agree with you this time.. Gold is heading upward with a target of 1920-1954.. Wait and see
+5 Reply
OptimoomFX Elpachon
@Elpachon, it was my opinion too
Not anymore
Reply
Elpachon OptimoomFX
@OptimoomFX, just watch in the next 10-14 days.. how much downward do you see gold might be heading?
Reply
It's crazy how much it moved...
+1 Reply
OptimoomFX darbova
@darbova, dropped like s..t
Reply
nice title! catchy :D
+1 Reply
OptimoomFX TheSignalyst
Reply
Completely Agree with You're work 😍
+1 Reply
OptimoomFX TRADiNG_hub
@TRADiNG_hub, thanka
Reply
nice one and i think some local rise here as you mentioned thanks for sharing
+1 Reply