Gold- Small correction underway

In my yesterday's intraday update I said that "sellers should be careful" with their trades under 1790 because Gold is approaching a very important confluence zone support at 1780-1782, and, indeed, after reaching 1782 intraday low, XauUsd has reversed and now is trading upwards in what I believe to be just a small correction.
This correction can be a good opportunity for swing traders to load up short trades and rallies above 1800 should be considered good entry points.
Gold remains grossly bearish under 1830 and only a daily close above would change my opinion.

تعليق:

Gold is very weak and couldn t hold gains.
A very small correction as expected