Gold has respected 3000 support yesterday and went up all the way to 3052 as expected. After that, it dropped all the way to 2957, breaking 3k support. Currently it is trading above 2960 support. In regard of current strong bearish momentum, goldy should continue to fall today, at least in Asia and Euro trading sessions.
I am looking to sell from 3000. 1st target is 2960. If it's broken, 2nd target will be 2930.
I am looking to sell from 3000. 1st target is 2960. If it's broken, 2nd target will be 2930.
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