Gold- a correction is not out of the question
Last week Gold has a strong bull run and has managed to pass above 3 strong resistance lines, now XauUsd seems is taking a pause and a correction is probable.
I'm bearish on very short term and I think Gold will drop to at least 1930 zone next week.
1960 and slightly above is resistance zone and I will look to short the yellow metal on eventual rallies to this zone.
My target, as I said, is 1930, but keep in mind that the long term trend is strongly bullish
I'm bearish on very short term and I think Gold will drop to at least 1930 zone next week.
1960 and slightly above is resistance zone and I will look to short the yellow metal on eventual rallies to this zone.
My target, as I said, is 1930, but keep in mind that the long term trend is strongly bullish
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