The recent rise is corrective, Gold remains bearish
Last week, after a new attempt to break under 1680-1690 support, Gold reversed again.
However, the recent rise is corrective in nature, overlapping, and pretty volatile.
The spikes above 1720-1725 are quickly sold by bears and I expect them to take total control soon.
My approach is to wait and see for now.
However, the recent rise is corrective in nature, overlapping, and pretty volatile.
The spikes above 1720-1725 are quickly sold by bears and I expect them to take total control soon.
My approach is to wait and see for now.
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