Gold- A strong reversal pattern

13 thg 5, 2021

Bulls seemed to have lost control and after a Hanging man 2 days ago, yesterday we have a Bearish engulfing on the daily chart.
At this moment Gold is still in an uptrend, but 1795-1805 zone is the line in the sand.
If Gold couldn't manage to stay above this zone we can assist to a strong leg down
At this point, I will try to play the recent range with sells near 1840 resistance and buys around 1800