Contributors Technical Analysis Gold Sellers Are Waiting In The Ambush

Gold Sellers Are Waiting In The Ambush

Gold is still in downtrend. This week should also be bearish so we should see selling on rallies.

1.1875-90 zone is where we see the big confluence. D H4- 38.2 and D H5 with a weekly H3 resistance level add to the confluence zone. If the market gets there we should see a rejection. Sellers should be waiting there also due to the order block just to the left. Targets are 1867 and 1850. A drop below 1850 will open a way to 1830. I am selling the rallies.

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