Mihai_Iacob

Gold- Did correction already started?

Short
OANDA:XAUUSD   Złoto / Dolar USA
In my yesterday's video, I said that my plan for the week is to try to sell signs of weakness mentioning the strong level of resistance in which Gold is trading.
Yesterday was a bank holiday in the US, so the market was very slow leaving a small reversal candle on our chart that should be taken with a grain of salt considering.
Anyway, my outlook remains intact and I expect a correction from Gold considering there is more room down than up.
Targets for sellers are 1900 in short term and a deeper correction has the 1870-1880 zone as the floor.
1820 is the trend-defining support



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