Vi bruker en rekke cookies for å forsikre oss om at du får den beste brukeropplevelsen. Ved kontinuerlig bruk av denne nettsiden, godtar du bruken vår av cookies. Du kan lese mer om policyen vår for cookies her, eller ved å følge linken nederst på alle sidene på nettstedet vårt.
Gold could see further downside
Gold sold off nicely yesterday, as we continue to see it retrace off the back of a rally into $1357 resistance. This is expected to persist, with the market yet to retrace 50%. There is a strong chance we could see the price fall into the 61.8% region at $1328.
That being said, given the stretched nature of this market, there is also a chance we could see the price rally in the short term, which could provide a shorting opportunity, as long as we do not see a push back above $1349. However, this sell-off is seen as a short-term retracement, with a break higher expected in the medium term.