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GOLD is Bearish but Watch for 1712-23 Zone
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Gold is bearish below 1750. The price is below the important level 1750 but getting close to another support.
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The support 1712-1723 is critical. If the price breaks below 1712 we should see a retest of 1675. Bulls might try to bring the price back up. This could create another selling opportunity. 1750-68 is the selling zone on a pullback. The main target is 1675 if 1712 breaks lower.
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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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