Gold Gold Daily Video, May 18, 2021

Sive Morten

Special Consultant to the FPA
Good morning,

Gold has shown a bit more extended rally, compares to our expectations and hit 1875-1886 Agreement resistance area. It means that chances for pullback have increased. Daily traders probably should wait for better entry price, while intraday traders in general could consider short entry, but with near standing targets and only supported by clear bearish reversal patterns on intraday charts: