Gold has been hammered the last 2 days. falling almost $100 in 2 days only.one of the sharpest falls for Gold in a very long time.
far oversold with the fed meeting yesterday, market seems to have over reacted.
Price has stretched too far from its hourly EMA 200, price would usually pull back.
Expect gold to move upward somehwere near 1850.
key levels to consider taking profit would be 1820, 1840, 1850
At 1850 reassess to be sure price isnt continuing higher to retest teh 1900 levels before doing any further shorts.
far oversold with the fed meeting yesterday, market seems to have over reacted.
Price has stretched too far from its hourly EMA 200, price would usually pull back.
Expect gold to move upward somehwere near 1850.
key levels to consider taking profit would be 1820, 1840, 1850
At 1850 reassess to be sure price isnt continuing higher to retest teh 1900 levels before doing any further shorts.