120 PIPS gap on market open for Gold. Huge dirty gap, stopping out everyone who tried to buy at the top & in return putting us sellers into profit.
Either way I’m being careful due to all the market volatility caused by Israel’s terrorist attacks in Lebanon & Palestine. Price can easily do a U-turn & turn bullish again.Here is what I am looking for next;
Option 1: Gold carries on dropping lower now towards $2,680 as first target.
Option 2: Gold pushes a little higher towards $2,770 - $2,785 next.