GOLD Getting Close to Possible Shorts

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

GOLD is having a retracement in downtrend. Yesterday, the price tanked making a fresh low and today we might see a sell-off in the 78.6-88.6 zone.

1812-1815 is the zone where GOLD could possibly reject. We can also see trend lines adding to the confluence. A rejection of the 78.6-88.6 zone is looking possible. If it happens targets are 1808 followed by 1780 and 1766. Have in mind the NFP today so we should be seeing some volatility but generally GOLD is sold on rallies.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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