Mihai_Iacob

Gold- Very bearish under 1795-1800 zone

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Yesterday, after reaching my sell zone for the second time, Gold has started to roll back down and now is trading at 1804.
My outlook remains bearish on medium term and I expect acceleration down after this correction is finished.
An important level to keep an eye on is yesterday's low and a drop under it should accelerate losses.
1750-1760 zone could offer a good target for bears.

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