Market Update – Gold setting up a continuation?
Gold, are sellers massing?
Into tonight’s London session we have seen sellers once again stop the Asian session rally at a med-term resistance point. 1472 – 1474 is the current area of resistance that we have been watching. This area has again stopped buyers which has lead to a $4.93 decline so far on the current 4-hour candle.
In our update video below we breakdown the current daily and 4H Gold charts at look at both sides of the technical picture. Will we see a continuation from sellers tonight?