OptimoomFX

Gold- I expect a drop under 1800

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Over the weekend I said that my medium-term perspective on Gold has become bearish, and although I've been on the long side this week, for very short term trades, this main idea remains unchanged.
At this point, Gold is trading at 1850 and rallies above 1860 are clear that are sold. I expect this resistance to hold and XauUsd to drop under 1800 soon.
I daily close above 1860 would not change my medium-term outlook, just put a pause for it and, in this case, this correction can have a spike up to 1880-1890 zone
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Comments

Great idea
+1 Reply
I totally agree for a bearish gold, before the bullish one starts!
+1 Reply
That would be a fatal breakout downtrend If the price reaches $1800
+1 Reply
OptimoomFX RyodaBrainless
@RyodaBrainless, Got the feeling that it will...
Reply
Cusie91 OptimoomFX
@OptimoomFX, Lol you know all ive had since 1855 are sell positions, everyone was just too ambitious for Gold to rocket! its still very early.. Its not a feeling is you see the Maths
Reply
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