GOLD: Next Week Will Be Important!!! Here is why...
hey traders,
very peculiar situation on gold.
analyzing the structure on a daily chart it looks like chances are still high that we will see a pullback
from current levels 1453 - 1460 and I still keep my long active.
HOWEVER
it looks like selling pressure is also accumulating.
if bears will manage to break below the underlined zone
it will trigger a massive selling reaction and will drive the market even lower to 1440 levels.
as it usually goes with the financial markets,
we have a very ambivalent situation.
be flexible and follow the market!
good luck!
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