Gold- Sell after correction

7 ביולי 2022

As I warned at the beginning of the month, Gold could change its medium-term trend, and since then, the price has dropped 800 pips with most of these pips made this week.
Now the price is in a normal correction after such a steep drop and this can offer a good selling opportunity for bears.
1755-1760 is now the resistance zone and here we can look for selling signals in the market.
Gold back above 1775 would delay this bearish scenario.