Gold could accelerate its losses

On Tuesday's analysis I said that Gold is entering sell zone and after a high of 1815, XauUsd has started to roll back under 1800 important figure.
Yesterday we have a lower high at 1810 and, again, the yellow metal had dropped.
At this moment the ascending trendline is broken and Gold is facing 1800 psychological support and a clear break here would expose 1790 horizontal support.
I expect Gold to be bearish in the next few days and 1750 to be challenged again.
Only a daily close above 1815 would delay this scenario

Yorum:

The things become pretty clear
Strong reversal today