Gold in Bearish Momentum
Gold has been on bearish trend since August of 2020, and looks like that momentum is holding on tight till now. We may see gold going for 1697 zone, as we can see thee multiple rejection of the 1780 zone. Although this week there is possibility we can see gold turning around to visit 1794, as the COT report shows high number of longs being added by big institutions, and many of the short positions closing.
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