Gold- can break under 1850 soon
After Monday's drop, vaccine or no vaccine, Gold looks bearish technically
As it was normal, the price held 1850-1855 support zone and had some very anemic recoveries from there.
As long as the price stays under 1900 I'm bearish Gold and I expect a break under 1850 in this context.
I will look to sell rallies and only a daily close above 1900 would chance my bearish outlook.
Also, a daily close under 1850 should accelerate losses and Gold could drop to 1800 pretty quickly
As it was normal, the price held 1850-1855 support zone and had some very anemic recoveries from there.
As long as the price stays under 1900 I'm bearish Gold and I expect a break under 1850 in this context.
I will look to sell rallies and only a daily close above 1900 would chance my bearish outlook.
Also, a daily close under 1850 should accelerate losses and Gold could drop to 1800 pretty quickly
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