Gold is currently forming a falling wedge pattern, which is a bearish reversal pattern.
- Resistance level for the falling wedge is at 59410
- Support level is at 58900.
If gold breaks below the support level, it could fall to the next support level at 58410. If gold breaks below the 58410 level, it could continue its downtrend to the next support level at 57910.
- Resistance level for the falling wedge is at 59410
- Support level is at 58900.
If gold breaks below the support level, it could fall to the next support level at 58410. If gold breaks below the 58410 level, it could continue its downtrend to the next support level at 57910.