Gold Bears Continue to Dominate

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

Gold should continue with the bearish trend. We should see a continuation towards 1800 and lower.

2 POC will try to reject GOLD. Those zones are selling zones. 1831-37 and 1845-50 whichever comes first. 1810 has already been tested so I expect the break lower towards 1800 and 1792. The trends bearish and we shouldn’t see any surprises. The 1840 zone acts as a temporary resistance to the current move.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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