Yesterday I said that I m looking at 1950 as a target for gold and my opinion hasn't change.
Yesterday, after breaking above 1900 mark, gold reached 1912 high, but couldn t keep gains and reversed, giving us a bearish pin bar on our chart.
However, I don t see strong selling power at this point, but more of booking profits from short-term traders.
I expect continuation and new local highs in the near future and only gold under 1885-1890 zone would change my opinion
Yesterday, after breaking above 1900 mark, gold reached 1912 high, but couldn t keep gains and reversed, giving us a bearish pin bar on our chart.
However, I don t see strong selling power at this point, but more of booking profits from short-term traders.
I expect continuation and new local highs in the near future and only gold under 1885-1890 zone would change my opinion
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