Gold- Closer and closer to the break

٢٠ نوفمبر ٢٠٢٠

I said multiple times recently that I believe Gold will break 1850 support and can drop even to 1750 zone.
Yesterday, Gold visited 1850 zone and, as it was normal, a rebound occurred.
The rally is anemic though and, on the very short-term chart, we can see Gold putting in a rising wedge correctional type structure.
I'm out for now, but I will look for opportunities to sell if XauUsd manages to rally in 1880 zone