Spot Altın/ABD Doları
Satış

Gold- Do we have a genuine break of support?

As I kept saying last week, there is a high probability of a double top pattern for Gold and the 1680-1690 zone support was the only thing that stood in bears way and a confirmation of this pattern.
Now we have this break and, of course, we wonder if is a genuine one.
In my opinion, it is.
With this in mind, I expect a continuation to this fall and a drop, in the first instance, around 1600.
Gold bears should look to sell rallies in old's support zone, now resistance.
And negation comes with Gold back above 1700.

Best reagards!
Mihai Iacob

Feragatname