Gold Forecast: I’m bearish Gold for 2 weeks now and, also we don’t have acceleration to the downside, yet, gold looks like is building pressure for a break.
The rise from 1760 last week’s low is not impulsive and is more a rebound to the previous drop, also the pattern is a flag on lower time frames.
Gold Forecast For Today by MCX Money
A break of $1780 would expose $1760 last week’s low and a break here would lead to acceleration and to my $1720 target.
As you see, I’m pretty bearish Gold and ONLY the price above $1815 would change my perspective.