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
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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