Gold- the rise is not convincing
Last week, Gold tapped 1850 twice and start rising in a corrective manner.
At the time of writing the price is hovering around 1890 and although is above the short-term trend like I'm not convinced that this is the start of a bull run.
I remain bearish Gold in the medium term and maintain my opinion that rallies should be sold.
Also, a drop under 1885 would signal that this correction is over and opens the door for further losses and a new attempt to break 1850 important support
At the time of writing the price is hovering around 1890 and although is above the short-term trend like I'm not convinced that this is the start of a bull run.
I remain bearish Gold in the medium term and maintain my opinion that rallies should be sold.
Also, a drop under 1885 would signal that this correction is over and opens the door for further losses and a new attempt to break 1850 important support
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