Gold- 1760 zone is strong ceiling

10 thg 8, 2021

After dropping hard Monday on Asian session, as normal, Gold rebounded and filled the gap.
At this moment XauUsd is still in a correction phase and a small leg up is not out of the question.
However, considering the power of the drop I will not trade on the long side but look for selling opportunities.
As I mentioned yesterday, 1760 zone could be a good place for short trades, and only Gold back above 1795 would change my strongly bearish outlook