As I was saying for quite some time, I'm bearish Gold, and I will remain so as long as the price is under 1830.
Looking at the posted chart we can very clearly see that the rise from 1780 is a correction of the 1850-1780 drop, is overlapping, and is contained in a bearish flag.
The first confirmation for bears comes with price dropping under 1810 followed by a daily close under 1800.
When/If we have such a close the door is open for further losses (I expect also acceleration) and levels of support are 1780 and 1760
Looking at the posted chart we can very clearly see that the rise from 1780 is a correction of the 1850-1780 drop, is overlapping, and is contained in a bearish flag.
The first confirmation for bears comes with price dropping under 1810 followed by a daily close under 1800.
When/If we have such a close the door is open for further losses (I expect also acceleration) and levels of support are 1780 and 1760
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