Gold may fall to 1780 - 1786
Our preference
Short positions below 1808.00 with targets at 1786.00 & 1780.00 in extension.
Alternative scenario
Above 1808.00 look for further upside with 1818.00 & 1828.00 as targets.
Comment
The RSI is bearish and calls for further downside.
Daily and weekly charts are also bearish.
Our preference
Short positions below 1808.00 with targets at 1786.00 & 1780.00 in extension.
Alternative scenario
Above 1808.00 look for further upside with 1818.00 & 1828.00 as targets.
Comment
The RSI is bearish and calls for further downside.
Daily and weekly charts are also bearish.