These past 4 days gold has been moving back up quite aggressively...
This is typical behavior after a double or in this case a triple bottom...
We expect price to keep retracing until the resistance zones marked...
Watch for price action reversal candles along those levels. They should give a good short entry which could in turn make the price go a lot lower than 1180.
Our view remain bearish until 1281 is not taken out convincingly.
This is typical behavior after a double or in this case a triple bottom...
We expect price to keep retracing until the resistance zones marked...
Watch for price action reversal candles along those levels. They should give a good short entry which could in turn make the price go a lot lower than 1180.
Our view remain bearish until 1281 is not taken out convincingly.
