Gold- Where can it fall?
Yesterday I said that Gols is moving like a headless chicken, however, in my opinion, it will fall under 1780 important support.
After a spike above 1800, Gold has dropped like hell in yesterday's NY session and, indeed, has broken under 1780 reaching a low at 1770.
At the time of writing, Gold is spiking up again and this can be a good opportunity for bears to open short trades
For Gold to remain bearish it needs to stay under yesterday's high and, a reversal back under 1780, would put a lot of pressure on price and Gold can easily drop to 1720 support.
Interim support is at 1750
After a spike above 1800, Gold has dropped like hell in yesterday's NY session and, indeed, has broken under 1780 reaching a low at 1770.
At the time of writing, Gold is spiking up again and this can be a good opportunity for bears to open short trades
For Gold to remain bearish it needs to stay under yesterday's high and, a reversal back under 1780, would put a lot of pressure on price and Gold can easily drop to 1720 support.
Interim support is at 1750
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