Mihai_Iacob

Gold update- "That's all it wrote"?

OANDA:XAUUSD   골드 스팟 / 미국 달러
In my analysis from 3 hours ago, I said "don't be fooled, is just a correction, the trend is down", and I think this correction is over...
Although I've expected a new leg up to the 1900 zone, it is clear from H1 chart that gold can't pass above 1875 old support now new resistance.
The rise from 1850 is clearly corrective and is safer to look for selling opportunities.
My advice is to stay on the bench till Monday and to sell rallies next week.

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