Gold is now bearish and could drop lower after retracement seeking to take liquidity below 1670.
Currently Gold is retracing to balance price and we need to observe two rejection zones highlighted on the chart.
We are currently moving in a descending channel and we could reach up as far as 1800.
Gold to be considered bullish again we need to break above 1835.
Currently Gold is retracing to balance price and we need to observe two rejection zones highlighted on the chart.
We are currently moving in a descending channel and we could reach up as far as 1800.
Gold to be considered bullish again we need to break above 1835.