The bearish trend in Gold is still dominant over faded demand for haven assets. Gold is heading lower towards 50% Fibo retracement level of 1,482. The aggressive target on the lower side is 1,461, which is likely in a couple of days. Consider staying bearish below 1,504 and bullish above 1,487 to trade the choppy sessions today.
The bearish trend in Gold is still dominant over faded demand for haven assets. Gold is heading lower towards 50% Fibo retracement level of 1,482. The aggressive target on the lower side is 1,461, which is likely in a couple of days. Consider staying bearish below 1,504 and bullish above 1,487 to trade the choppy sessions today.