Gold- bull or bear?
Last week, Gold dropped under important 1950 zone support, and what, at first, seemed to be just a correction, is now looking like a reversal.
However, for a clear trend turn, bears need the price under the 1920 zone for clarification.
On the bulls' side, on the other hand, only the price back above 1950 would confirm resumption for the up move.
That being said, at this moment, it is better to wait and see and keep a close eye on 1920 zone for signs of reversal to the upside and 1950 for signs of down continuation.
However, for a clear trend turn, bears need the price under the 1920 zone for clarification.
On the bulls' side, on the other hand, only the price back above 1950 would confirm resumption for the up move.
That being said, at this moment, it is better to wait and see and keep a close eye on 1920 zone for signs of reversal to the upside and 1950 for signs of down continuation.
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