Market have been coiling in a stubborn range for sometime now, but at the same time respecting key levels and moving exactly as per technical indicators. 1822 is the key over here and as long as this level holds we could see a move up towards area closer to 1920. The bears should kick in again and drive markets below 1822 and then 1677.
In case 1822 breaks here we should easily crack towards 1677 without much efforts.
Overall I am bearish gold long term and we should get to levels closer to 1422.
Once again use stops and trade wisely
In case 1822 breaks here we should easily crack towards 1677 without much efforts.
Overall I am bearish gold long term and we should get to levels closer to 1422.
Once again use stops and trade wisely