Overextended bullish leg has been formed. We have broken below internal supply at 2258 and have retested this supply now being the new internal demand. Will we see a further push down from this level? Risk management is key!
Comment:
Big potential bearish moves today on gold as NFP looms around... 2300 taken out bulls are overextended/ overbought, keep that in mind. It just wouldn't make much sense for price to go further than 2300 although anything can happen.