Gold couldn't manage to break below the key support yesterday but it makes another try today.
With every new try it is more likely that we will see price breaking below. Like we said many times before we expect price to reach the 1775 level. Then any active sell trades will be with stops in a positive territory and when it comes to new entries, we recommend to wait for a clear breakout!
The next downside move should take the market down to 1775.
To find out how this position develops make sure to follow us!