Gold- New drop to 1900? (short term outlook)
Gold had a big reversal day yesterday, putting in a large bearish engulfing from 1960 resistance on our daily chart.
Gold becomes pretty bearish at this point and the normal rise from 1900 confluence support is just correction in my view
From the short term, a technical perspective Gold just reached resistance zone which coincides to 50% Fibo and a new leg down could follow
Gold becomes pretty bearish at this point and the normal rise from 1900 confluence support is just correction in my view
From the short term, a technical perspective Gold just reached resistance zone which coincides to 50% Fibo and a new leg down could follow
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