Despite Strong Uptrend, Gold Vulnerable to Reversal Top
A sustained move under $1995.90 will signal the presence of sellers. If this move generates enough downside momentum then look for the selling to possibly extend into the long-term Fibonacci level at $1951.00.
Taking out $1951.00 will indicate the selling pressure is getting stronger with the long-term 50% level at $1899.80 the next likely target
Taking out $1951.00 will indicate the selling pressure is getting stronger with the long-term 50% level at $1899.80 the next likely target