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Gold is Bearish as the Market is Retracing

By:

Nenad Kerkez

Published: Jun 21, 2021, 09:28 GMT+00:00

We should see GOLD moving down from the two POC zones. The price is retracing.

Intraday shorts might come around the 1795 zone as a part of retracement. A move higher will be a sign for a deeper retracement and 1815 – 1820 will be a zone to look for shorts. A rejection of the POC and POC2 should be targeting 1765 as a part of retest. Gold is bearish now and taking shorts is trend trading.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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