Gold Gold Daily Video, March 12, 2021

[Sive Morten]

Good morning,

Gold is just preparing to start upside reaction on strong monthly support area. So, deep pullbacks or even new lows before this happens - is normal:

 

[Brett Reynolds]

I am still 'Bearish' on Gold. I closed out positions last week around the strong support 61.8 of move from March 2020! I have not seen strong reaction this last week!?
I am now looking for entry 'early next week' for Downward continuation toward $1650 and then $1600 and even lower..!? The Trend....is 'still my Friend'.!