Most hedgefund managers continue to loose faith in Gold as a safe haven. The next 2days (till Tuesday 23Feb will proove crucial for gold as it sits on an important key level.Also the cryptocurrency are having thier tri year bull run currently so most investors are resorting to bitcoin further devaluing gold.COT reports show a negative 5,743 net change in Longs as of 16 Feb 2021 data.
Our Analysis at Diamond Capital is a short term but to 1806.000 then a steady drop to current lows 1760.599 and also breaking these current lows.
Also its important to note that a break of 1700.500 will see a accelerated sell filled with fear although thats a long term anticipation we believe it will happen.
We at Diamond Capital are always confident of our Analysis as we do deep analysis looking at many dimensions, those who would like to take this sell can sell a selllimit at 1806.000 with Stop loss at 1812.667
Pair :Gold Timeframe :15min Analyst: Diamond Capital co Probability: High
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