Mihai_Iacob

Gold- Where do bears have selling confirmation?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As I was saying for quite some time, I'm bearish Gold, and I will remain so as long as the price is under 1830.
Looking at the posted chart we can very clearly see that the rise from 1780 is a correction of the 1850-1780 drop, is overlapping, and is contained in a bearish flag.
The first confirmation for bears comes with price dropping under 1810 followed by a daily close under 1800.
When/If we have such a close the door is open for further losses (I expect also acceleration) and levels of support are 1780 and 1760

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