Mihai_Iacob

Gold is facing another resistance

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Yesterday I said that Gold could fall from 1915 zone resistance and although we had some correction, bulls were strong and the price reversed without touching the 1870-1880 support zone. Yesterday's reversal was followed by a skyrocketing rise in the Asian session and at this moment the price is just under 1950 very strong resistance.
At this moment a real correction has become very probable and I will look to sell above 1950.

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