Even though during times such what we are in where the safe haven aspect of Gold should shine we are faced with the unprecedented times when cash itself is superior this will drive pressure down on Gold and will keep Gold muted for the short term in a consolidated downward bias trend. Expect selling pressure in the coming weeks to drive Gold down to 1350-1400 levels to wash out a lot of stops.
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Our bearish view is planning out just nicely with the brief intermediate wave top rally at 1671 yesterday prices should decline here on in.
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Anyone keen below is the gold trading channel on Telegram
@goldtradingsignals_by_Marcus
@goldtradingsignals_by_Marcus