Gold price has gone below 17 January price, this represents a cycle failure, the support where price is sitting on will give way and the $2,000 level is lost, bulls who were waiting for "to the moon" will only help the bear cause as they trigger stop losses. However this will present a good buying opportunity not far ahead.
Trade fermée manuellement:
After a brief dig, gold resolved back upwards. It is likely in a new weekly cycle albeit already overbought.