GOLD confirmed a strong closing on Friday above the top of the previous session but only a daily closing above 1804,50 will confirm higher levels.
The indicators of the daily chart are still well positive but those of the weekly one remain below the line for now. The indicators of the s/t charts are mixed this morning suggesting some consolidation.
The move up toward 1798 formed on Friday a potential negative reversal situation suggesting a possible drop toward the 200 hours line at 1770,20 if not even lower.
We sell a possible 1787,00 overshooting putting a stop above 1798!
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