A case for a bearish XAUUSD (Gold)
I have been looking at gold a while and I am seeing the asset class as bearish with a target of 1670$/oz for a downside objective. Currently price is trading within a very large range between 2075-1676 price levels.
Why target 1670$? Two words, retail support. I expect price to clear sitting liquidity at the 1670$/oz level with a quick and powerful move lower to the stated objective. Trade safely.
Why target 1670$? Two words, retail support. I expect price to clear sitting liquidity at the 1670$/oz level with a quick and powerful move lower to the stated objective. Trade safely.