GOLD is Bearish but Watch for 1712-23 Zone

Dear traders,

Gold is bearish below 1750. The price is below the important level 1750 but getting close to another support.

The support 1712-1723 is critical. If the price breaks below 1712 we should see a retest of 1675. Bulls might try to bring the price back up. This could create another selling opportunity. 1750-68 is the selling zone on a pullback. The main target is 1675 if 1712 breaks lower.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez