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GOLD is Bearish but Watch for 1712-23 Zone

By:

Nenad Kerkez

Published: Sep 30, 2021, 10:37 GMT+00:00

Gold is bearish below 1750. The price is below the important level 1750 but getting close to another support.

GOLD is Bearish but Watch for 1712-23 Zone

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.

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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