Gold- In range with bearish implications
Yesterday, after initially breaking below the 2325 support level, gold reversed and rose to test the 2350 resistance zone for the third time.
Bears capped gains in this zone, and now the price has started to roll back down. As long as this zone acts as a ceiling, there is a high chance of a drop below 2300.
Confirmation of this comes with a clear break below 2325, at which point, as I mentioned yesterday, 2285 becomes the target.
Bears capped gains in this zone, and now the price has started to roll back down. As long as this zone acts as a ceiling, there is a high chance of a drop below 2300.
Confirmation of this comes with a clear break below 2325, at which point, as I mentioned yesterday, 2285 becomes the target.
註釋
Gold is on horizontal support once more.A break is probable after failing on top once more
註釋
After a new test of waters above 2330, gold fell in support again.The break look unavoidable
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