What's Next For Gold After Breaking Below 1800 Level?

2021年2月7日

With gold closed below the 1800 level on 04.02.21, more low should be expected. Next trading day saw gold ending bullish, giving and inside-bar pattern which temporarily is a bullish signal and capable of rally gold up to next resistant level - possibly 1845 level. Selling pressure expected thereafter to then drag the metal to test the low at 1787 or further down.

N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades