Gold- yesterday bullish, today bearish
Updated
After consolidating above 1820 support for 2 days, Gold failed to continue up, instead broke under support and under 1800 important figure.
At this point, the chart structure is strongly bearish and I expect a test of 1765 previous local low in the next few days.
This being said I will look for selling opportunities above 1800 and only a daily close above 1830 would negate my bearish outlook for the yellow metal
At this point, the chart structure is strongly bearish and I expect a test of 1765 previous local low in the next few days.
This being said I will look for selling opportunities above 1800 and only a daily close above 1830 would negate my bearish outlook for the yellow metal
Trade closed manually
Closed 1810 short at 1781A rebound is probable at this point.
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