ForexTrendline

Is it time to sell Gold?

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FX_IDC:XAUUSD   Ouro/Dólar Americano
The uptrend on Gold has been going on for exactly 2 months now, without showing any signs of weakness.
However, now we see deeper corrections and less of an upside moves.

That's why we will be looking if there will be a close below previous low.
Values lower than 1890 will mean, that we could see an additional downside push and market possibly reaching 1873 and 1856.

There isn't a close below yet, so any entries in short positions are still not confirmed and considered risky!
Watch out for price action progress, so you can make an entry!

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