Mihai_Iacob

Gold, now what?

Viés de baixa
OANDA:XAUUSD   Ouro/Dólar Americano
I was bearish Gold all week, and it didn't disappoint me, and after it completed the right shoulder of the h&s, XauUsd broke under neckline support and dropped hard in yesterday's trading session.
Now the price is in a normal correction and this could be a good opportunity for bears to open short positions.
Thus said, rallies towards 1780 (now strong resistance) should be sold and 1730 measured target can be TP level

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