Since the low made at the beginning of the week, Gold has started to correct and has risen towards important 1770 resistance, just to reverse back down after reaching 50% Fibo of the 1800-1730 drop.
In my opinion, the recent rise is just a correction and we can expect Gold to resume its down move soon.
That being said I will look to sell rallies near resistance with a target in the previous low.
Negation comes with a daily close above 1770
In my opinion, the recent rise is just a correction and we can expect Gold to resume its down move soon.
That being said I will look to sell rallies near resistance with a target in the previous low.
Negation comes with a daily close above 1770
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