For longer time, gold has been adored by investors or traders, which leads to being strongly attached to people's attention and heart. Last night performance, recorded the largest drop since last December. We can see the change of the long vs short positions!
Technically, the next support level is 1990. Once breaks, 1980 is our next target. All eyes are on it and reviewing past three months chart, 1980-1960 zone will be a vital reference for investors.
Long term strategy please check last week's post on gold.
Daily analysis:
Sell at around 1995, with the target price 1975.
Buy at around 2005, with the target price 2025.
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