Mihai_Iacob

Gold- Bulls REALLY NEED 1765-1770 intact!

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Yesterday was a wait-and-see day for me in Gold's case and my bullish bias faded more and more.
If we look at price's evolution we can see that 1790 is a strong ceiling and also XauUsd has broken the trend line support and is carving a H&S.
At this point, 1765-1770 is the line in the sand for bulls and a drop under would lead to downwards acceleration
I'm bearish at this moment and I will look to sell

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