Gold- bulls need to reconquer 1870 zone

23 дек. 2020 г.

After Monday's violent drop, Gold managed to recover just to drop again in the previous low and important 1850-1860 zone support. As long as the price stays above this support, bulls are maintaining control but they really need the price back above 1870-1875 to regain total control.
I'm slightly bullish at this point on Gold, but, as I said, I need to see the price above the resistance for more confirmation.
A daily close under 1850 would negate this outlook and gives reason for a pause