GOLD Bearishness Below 1810 Continues

Dear traders,

Gold has made a 650 pip move in last 4 days. We should see a continuation.

Gold is bearish and we could have seen another rejection from 1845. At this point it has a slight retracement. We are in the NFP week so expect some range. However, selling at rallies is possible. The 1810 zone could be used for shorts. If the market gets there watch for bearish signals towards 1769. All Fibonacci ratios in the chart are profit taking levels for short trades after the retracement.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez