Gold- 1725-1730 zone is the line in the sand

2022년 9월 8일Yesterday, after a new visit at support, under 1700, Gold has recovered losses and finished the day well into the green.
However, the trend remains bearish both in the short and medium term with a clear strong confluence resistance above 1720.
I will remain bearish as long as this level is intact and expect a new dive under 1700.
On the other hand, a fail from the bears to defend this zone would signal 1690 as a bottom for the time being.