Today Gold tested $1815-$1820 supply zone and failed to close above it. There is not much bullish strength left as the precious metal got rejected at $1815 twice. A bearish pin bar is forming on daily chart and we may get more sell off after a slight retrace higher. Bears next near term downside price objective is pushing Gold to $1783 and technical support at the June low of $1750. We would consider trading short after a price action signal and a pullback.
Please like and comment. Thank you!
Please like and comment. Thank you!