Mihai_Iacob

Gold- Rallies should be sold

Viés de baixa
OANDA:XAUUSD   Ouro/Dólar Americano
In my weekend analysis I said that if Gold is dropping to 1830, this support will not hold for the simple reason that everyone wants to buy there. And, indeed, Gold dropped hard yesterday and 1830 was passed very easily.
Yesterday's low was close to 1800 important figure and now XauUsd is rebounding and correcting yesterday's move.
I believe that we will have a new leg down from Gold and 1780 zone could be bear's target.
Only Gold back above 1830 would change my bearish opinion.
I'm selling rallies


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