Yesterday was a wait-and-see day for me in Gold's case and my bullish bias faded more and more.
If we look at price's evolution we can see that 1790 is a strong ceiling and also XauUsd has broken the trend line support and is carving a H&S.
At this point, 1765-1770 is the line in the sand for bulls and a drop under would lead to downwards acceleration
I'm bearish at this moment and I will look to sell
If we look at price's evolution we can see that 1790 is a strong ceiling and also XauUsd has broken the trend line support and is carving a H&S.
At this point, 1765-1770 is the line in the sand for bulls and a drop under would lead to downwards acceleration
I'm bearish at this moment and I will look to sell
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