Gold is Bearish as the Market is Retracing
June 21, 2021
1 min read
Dear traders,
We should see GOLD moving down from the two POC zones. The price is retracing.
Intraday shorts might come around the 1795 zone as a part of retracement. A move higher will be a sign for a deeper retracement and 1815 – 1820 will be a zone to look for shorts. A rejection of the POC and POC2 should be targeting 1765 as a part of retest. Gold is bearish now and taking shorts is trend trading.
The Analysis has been done with the Black Widow system.
Good trading,
Nenad Kerkez
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