Mihai_Iacob

Gold- Time to sell it?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
After the recent 1820 low Gold started to correct and, after 1400 pips drop, this is not a surprise...
At this point, the price is hovering around the 1855-1860 zone, and correction could be over at this point.
Gold up moves should be very well capped under 1880 and we can have a new leg down soon.
The first target for sellers can be 1820.

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