Gold - Swing Model Shows 1720 A Possible Target
Diupdate
Our swing model indicates that the swing may have turned bearish from bullish given the case that gold has failed to close above 1825 for a couple of sessions with lower highs.
Now gold might head to 1750-1770 support are with a probability of some extension to 1720, if gold's major support 1790 is broken.
Now gold might head to 1750-1770 support are with a probability of some extension to 1720, if gold's major support 1790 is broken.
Catatan
Gold broke 1790 and reached support at 1760. The support area must hold or risk of gold going lower is inevitable
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