Long awaited red for Gold
Gold experienced a sharp reversal from the 1963 resistance region and closed the prior week with a strong bearish bar which we have been anticipating for several weeks now. However will this mark as a reversal or just a retracement?
As the downside move is extended and lies at the support region of 1880, expect some retracement towards the 1900 region or consolidation early this week.
As the downside move is extended and lies at the support region of 1880, expect some retracement towards the 1900 region or consolidation early this week.
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