Selling torque still dominates gold, where it lost $100 from the beginning of its decline, and we expect more decline with federal decisions, where I see gold in the long run to 1600 because traders want to reduce the price of gold to make a strong purchase, and this is considered liquidating gold positions where the market goes through a sales cycle. I see gold to 1680-1670 this week, and if it makes a correction, it will target the areas of 1750-1760, and the stability above those areas is a purchase to target the areas of 1800 and above again.
The second scenario that could happen with the opening of the market is a correction at 1730-1750 and the re-targeting of areas under 1680 to reach 1650-1600
The second scenario that could happen with the opening of the market is a correction at 1730-1750 and the re-targeting of areas under 1680 to reach 1650-1600
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