GOLD is Bearish Below 1790 Zone

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

Gold is still bearish. We could see a move lower below the POC zone and the D H3 level.

1785 is where we could see the price rejecting. The structure is bearish with a possible retest of 1760 zone. If we see the D L3 zone hit we could see a move to the upside. 1790 should hold and that means bears will go stronger during the later US session. Watch for profit taking.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of