Gold- Under 1850, now what?

10 de dez. de 2020

Gold dropped hard yesterday and although I d expected o correction and even had a sniper 1875 sell, what I didn't expect was a drop under 1847-1850 support zone, but this is why we have SL:)
At the time of writing Gold is trading at 1837 and things are not looking pretty for bulls.
1850 become again resistance at this moment and considering yesterday's drop, rallies in this zone should be sold.
More, a break under 1820 zone would confirm an H&S pattern that can drive price well under 1800