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Gold- We had the spike, was this it?
On my Monday analysis, I said that Gold, in my opinion, is bearish, but we can have a spike up on these day low liquidity environment.
Yesterday Gold has risen to 1820, just to reverse strongly, and closed the day back under 1810 resistance.
In normal market conditions, this would be a very bad sign for Gold bulls and confirms continuation to the downside.
As I keep saying for 3 or 4 weeks now, I will remain bearish as long as the price is under 1830 and I expect at least 1720 support to be touched
Yesterday Gold has risen to 1820, just to reverse strongly, and closed the day back under 1810 resistance.
In normal market conditions, this would be a very bad sign for Gold bulls and confirms continuation to the downside.
As I keep saying for 3 or 4 weeks now, I will remain bearish as long as the price is under 1830 and I expect at least 1720 support to be touched
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