Bears in control
Comex Gold is still in bearish territory with daily and weekly candles still below the cloud and monthly not looking good either.
Bulls needs to close firmly above weekly cloud resistence of 1870.
All that talks of 3000 usd which we have been hearing since last aug on gold is just a waste of time.
Weekly sell below 1740 to get to last swing low of 1680 and below. Stop is a weekly close above 1800 tat being the conservative stop.
Any daily candle close above 1800 on daily invalidates the daily bearish view.
Bulls needs to close firmly above weekly cloud resistence of 1870.
All that talks of 3000 usd which we have been hearing since last aug on gold is just a waste of time.
Weekly sell below 1740 to get to last swing low of 1680 and below. Stop is a weekly close above 1800 tat being the conservative stop.
Any daily candle close above 1800 on daily invalidates the daily bearish view.
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