Gold has recovered from the low to retest the 2018-2019 uptrend line, which has been broken at the beginning of this week. The pivot area 1750-1760 used to be strong support, now will act as strong resistance.
As long as gold stays under the resistance area 1750-1760, odds favor downside continuation. Unless a few sessions above 1760 may tell us bull is back.
As long as gold stays under the resistance area 1750-1760, odds favor downside continuation. Unless a few sessions above 1760 may tell us bull is back.
