Gold is facing 1700 figure. What now?
Since the last 1727-1765 rally, Gold is trading clearly down and all corrections that bulls are capable of are some anemic intraday rallies that are quickly sold.
I expect the down move to continue at least to 1680 and traders should look to sell rallies towards 1720 now resistance.
Only Gold above that level would delay this bearish scenario.
My previous Gold analysis:
I expect the down move to continue at least to 1680 and traders should look to sell rallies towards 1720 now resistance.
Only Gold above that level would delay this bearish scenario.
My previous Gold analysis:
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