GOLD Downtrend Continuing Towards 1720 Zone
February 26, 2021
1 min read
Dear traders,
As expected, Gold has made the move lower to 1755 zone. The downtrend is expected to continue towards 1720.
If the market makes a pullback to the 78.6-88.6 zone we should see another leg of selling. We can also see a trend line which adds to the confluence. 1765-60 is the first target but we might see a move lower, possibly next week towards 1720. Watch for the levels as shown on the chart as selling the rally is imo, the best option.
The Analysis has been done with the Black Widow system.
Good trading,
Nenad Kerkez
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