A possible scenario for gold The possibility of starting a downward trend until the minimum level of 61.8 Fibonacci The possibility of correcting the price up to the range of 1807-1803 and then increasing the price for the new ceiling The possibility of the formation of a new price peak and then the beginning of a downward trend and the formation of a new bottom
In my opinion, gold will start a sharp downtrend soon. Monitor the ranges and stay in your trade until you reach two valid support zones.
My Dear Friends, My technical analysis on this pair is below: BIAS: Bearish ENTRY: 1.38110 TARGET: 1.34400 STOP LOSS: 1.41800 ——————————— WISH YOU ALL LUCK
GOLD is testing a major resistance level. The market is decelerating at resistance zone , and we can see rejection candles.