Gold- Bulls are weak, 1717 next?
Since last week's low at 1733, Gold has tried to recover the lost ground and has started to trade slightly upwards.
Bulls are weak though and 1760 zone is acting like a very strong ceiling so far.
As long as this resistance is intact Gold is in a downtrend and we can see a breakdown soon.
Levels for bears are 1717, 1700 and 1680
On the other hand, a break above 1760 would expose 1780-1785 resistance
Bulls are weak though and 1760 zone is acting like a very strong ceiling so far.
As long as this resistance is intact Gold is in a downtrend and we can see a breakdown soon.
Levels for bears are 1717, 1700 and 1680
On the other hand, a break above 1760 would expose 1780-1785 resistance
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