1840-1850 should be strong ceiling for Gold
After the strong drop from 1875 recent high, as was normal, Gold has started to correct higher. However, considering the violence of the drop, there is a high probability of down continuation for the yellow metal.
1840-1850 zone should provide a strong ceiling now and traders can look for selling opportunities in this zone.
The first obvious support is around 1780 and Gold back above 1850 on a daily close bases would negate this scenario.
1840-1850 zone should provide a strong ceiling now and traders can look for selling opportunities in this zone.
The first obvious support is around 1780 and Gold back above 1850 on a daily close bases would negate this scenario.
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