The gold market remains in a "sell the rallies" mindset from a short term perspective, further declines are likely considering we have broken the uptrend line, retested it and remain below it.
Yesterday saw very quiet trading with a downward bias, though the selling was mild and some physical buying is supporting prices.
We would expect any further declines to be short lived, with prices expected to hold above 1700.
Today's video looks at our targets for the correction and the recent trading action in more detail.
Yesterday saw very quiet trading with a downward bias, though the selling was mild and some physical buying is supporting prices.
We would expect any further declines to be short lived, with prices expected to hold above 1700.
Today's video looks at our targets for the correction and the recent trading action in more detail.