GOLD is Bearish and Looking for a Drop
June 7, 2021
1 min read
Dear traders,
Gold is looking at the possible support as the price is turning lower. We could see a bearish pressure.
88.6 confluence shows a resistance zone which is also confirmed by the camarilla D H4 pivot point. Trend line is also supporting the move down. Targets are 1881 followed by 1872 which is the weekly L3 camarilla. W L3 could make a support and turn the market bullish.
The Analysis has been done with the Black Widow system.
Good trading,
Nenad Kerkez
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