GOLD is Bearish but Watch for 1712-23 Zone

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

Gold is bearish below 1750. The price is below the important level 1750 but getting close to another support.

The support 1712-1723 is critical. If the price breaks below 1712 we should see a retest of 1675. Bulls might try to bring the price back up. This could create another selling opportunity. 1750-68 is the selling zone on a pullback. The main target is 1675 if 1712 breaks lower.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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