GOLD is Bearish Below 1790 Zone

1785 is where we could see the price rejecting. The structure is bearish with a possible retest of 1760 zone. If we see the D L3 zone hit we could see a move to the upside. 1790 should hold and that means bears will go stronger during the later US session. Watch for profit taking.

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Cheers and safe trading,

Nenad

 

Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.