Gold burying itself lower?
Gold had a slow upward momentum on Friday that pushed it through the 1925 minor resistance area. This increase however, was wiped out in a single day as price wanted to go south. Price pushed to 1987 after going through the 1900 key area of structure ass if it never existed.
This may mean that price will continue to head south as it has wiped out it's recent gains. Immediate support is at 1880 then 1874. If these levels hold then price may bounce. If they break, then 1850 serves as the main support area.
This may mean that price will continue to head south as it has wiped out it's recent gains. Immediate support is at 1880 then 1874. If these levels hold then price may bounce. If they break, then 1850 serves as the main support area.
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