Gold- Sell rallies for a new low

2022年7月6日

As I expected, yesterday Gold dropped and not only did it reach my 1780 target but has dropped under reaching a local low to around the 1760 zone.
Not the price seems to have stabilized and a corrective rally could follow.
This correction can give bears a good opportunity to enter the market in expectation of a down continuation.
The old support at the 1780 zone is now resistance and in this zone I m looking to sell.
Gold back above 1800 would negate this scenario