Gold, now what?
I was bearish Gold all week, and it didn't disappoint me, and after it completed the right shoulder of the h&s, XauUsd broke under neckline support and dropped hard in yesterday's trading session.
Now the price is in a normal correction and this could be a good opportunity for bears to open short positions.
Thus said, rallies towards 1780 (now strong resistance) should be sold and 1730 measured target can be TP level
Now the price is in a normal correction and this could be a good opportunity for bears to open short positions.
Thus said, rallies towards 1780 (now strong resistance) should be sold and 1730 measured target can be TP level
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