Gold- 1940 is the last line of defense for bulls

17 de set. de 2020If you've read my analysis from the past week or so, you noticed that I became bearish Gold.
I explained the reasons in my previous analyzes ( check related ideas).
Gold does not disappoint me and after a short spike above 1970, the price dropped hard and is trading now in 1940 zone.
This support is, in my opinion, the last line of defense for bulls, and a break here would accelerate losses to 1910 zone.
On the medium term I expect also this support to fall and Gold could drop to at least 1850