GOLD Shorts are Strong but Watch the Support

We can see that the 1750 zone is important for institutions. This is where we have had buy orders in the past. Additionally it is the M L5 support and we can expect the bounce. The RSI has bounced above 30 and every time it does the price goes up. We could see 1785 and 1825 as targets.

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

Cheers and safe trading,

Nenad