Gold Gold Daily Video, March 08, 2023

[Sive Morten]

Good morning,

Despite solid drop, Gold still keeps theoretical chances to form upside bounce but now they totally depend on external fundamental drivers, such as NFP report on Friday. That's why we suggest that taking long position now is more a gambling rather than reasonable trading. 1825$ resistance area looks interesting for intraday bearish position now:

 

[Tradeitanyway]

Hello Sive , can we take a hint from silver bearish momentum ? perhaps silver is a first hint about gold bearish momentum