Technically, gold price struggling to move ahead above $1900 and stay after consecutive weeks of sell-off
We are focusing on a downtrend and a mid-term ranging market on gold, this week price has made reversal on major resistance upper line after hitting the highest $1917.00 last Friday.
Price is moving towards downtrend channel and high probabilities to move lower towards median support and lower line major support
We are focusing on a downtrend and a mid-term ranging market on gold, this week price has made reversal on major resistance upper line after hitting the highest $1917.00 last Friday.
Price is moving towards downtrend channel and high probabilities to move lower towards median support and lower line major support