More downside for gold?
Updated
Been i while since updated.
Gold was in line with our previous analysis. Kept advicing to sell the gold market. Currently we need to focus on the daily closure. Because if if closes below 2003. More selling pressure will follow. 2005-2008 is daily/weekly resistance level.
Focus on the support level 1977. Posible longterm buys at this level. Priceaction is key.
Resistance: 2000, 2006, 2015
Support: 1990, 1980
Gold was in line with our previous analysis. Kept advicing to sell the gold market. Currently we need to focus on the daily closure. Because if if closes below 2003. More selling pressure will follow. 2005-2008 is daily/weekly resistance level.
Focus on the support level 1977. Posible longterm buys at this level. Priceaction is key.
Resistance: 2000, 2006, 2015
Support: 1990, 1980
Note
it is posible that gold fall directly from1995.Note
Daily perspective:Note
GOld still hovering around 1990. Waitfor 1975 for buys or 2006 for sells.Note
Focus on selling gold around 2005 up to 2010Daily perspective:
Midterm target: 1993
Longterm target: 1978
Note
profitable trade. Congrats. 
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