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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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.