Gold prices have a tendency to congest for many months at a time before it breaks out. Current price action could suggest that we are close to a new rally to the upside.
My suggestion is to wait it out for a few days to see if 1817 holds and wait for a good buy signal.
For now, it's wise to be on the sidelines or wait for the price to break below 1817 for a short entry.
My suggestion is to wait it out for a few days to see if 1817 holds and wait for a good buy signal.
For now, it's wise to be on the sidelines or wait for the price to break below 1817 for a short entry.