Gold has opened to more downside since the weekly demand level 1760 was taken out.
We now have little doubt that gold will retest its 14-month demand level just under 1700.
Therefore, we plan to keep selling the pullback on every visible short-term downtrend.
For today, we will be waiting for the pullback to the trendline at 1744 to sell.
A spike or a final push towards the upside should be taken into account where we will find another selling opportunity at 1750.
We now have little doubt that gold will retest its 14-month demand level just under 1700.
Therefore, we plan to keep selling the pullback on every visible short-term downtrend.
For today, we will be waiting for the pullback to the trendline at 1744 to sell.
A spike or a final push towards the upside should be taken into account where we will find another selling opportunity at 1750.
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