Here it looks like gold broke out of the downtrend and then retested creating support, I have created two levels of support here where price may reach before driving to 1950, 1940 has been tested twice recently and I think if we are to test again it will break this time. Gold could also become shorts if the 2024-2026 2020-2022 zones aren't respected, any potential breakouts could be shorts on pullback down to 1915-1910.
I am BULLISH but always good to be aware of what could happen.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.