Mihai_Iacob

Gold- Will this be the day?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I'm bearish Gold for 2 weeks now and, also we don't have acceleration to the downside, yet, XauUsd looks like is building pressure for a break.
The rise from 1760 last week's low is not impulsive and is more a rebound to the previous drop, also the pattern is a flag on lower time frames.
A break of 1780 would expose 1760 last week's low and a break here would lead to acceleration and to my 1720 target.
As you see, I'm pretty bearish Gold and ONLY the price above 1815 would change my perspective


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