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GOLD 1810 > 1730?
Price has been rejecting weekly levels round 1810 ; last weekly candle closed bearish , foreshadowing the potential melt of Gold and a Santa rally of the dollar.
3rd bullish rally into the highs of 1700/ lows of 1800. Price is struggle to keep above the water and is now expecting to fall unconscious and then to slowly die.
Asia pushed gold into the 1800 levels and London open carried the drive , however pre NY saw the bias and volatility drop from gold and price broke the bullish structure with a very large bearish 30 min engulfing candle showing that NY may want to drive the dollar and correct the damage done to the dollar and to gold.
3rd bullish rally into the highs of 1700/ lows of 1800. Price is struggle to keep above the water and is now expecting to fall unconscious and then to slowly die.
Asia pushed gold into the 1800 levels and London open carried the drive , however pre NY saw the bias and volatility drop from gold and price broke the bullish structure with a very large bearish 30 min engulfing candle showing that NY may want to drive the dollar and correct the damage done to the dollar and to gold.
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