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Gold remains bearish under 1750 zone
As I said yesterday, after breaking the neckline of the H&S, Gold could be on its way to 1720.
Indeed, the price has continued its drop and, yesterday, has made a low at 1733.
Since that low Gold is rising, but the rise is corrective in nature and in a flag pattern.
My outlook remains bearish as long as the price stays under H&S's neckline, now resistance and rallies towards that zone should be sold for the up-mentioned target
Indeed, the price has continued its drop and, yesterday, has made a low at 1733.
Since that low Gold is rising, but the rise is corrective in nature and in a flag pattern.
My outlook remains bearish as long as the price stays under H&S's neckline, now resistance and rallies towards that zone should be sold for the up-mentioned target
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