Gold remains bearish, but...
Updated
Gold still under selling pressure atm. Follows a bearish channel wich keeps making lower highs and lower lows. 2017 is a support level wich is important for gold. If gold wants to move any lower it need to break 2017 level in order to fall to 2006 and 1991 support levels. Best thing we can do is keep selling the market. But if gold manage to break above 2050 then we posible need to add buys from here.
we can expect bearish pressure around 2038-2042 or up to 2045-2047. Waiting for priceaction to tell us more.
resistance: 2040, 2050, 2057
Support: 2017, 2006, 1991
we can expect bearish pressure around 2038-2042 or up to 2045-2047. Waiting for priceaction to tell us more.
resistance: 2040, 2050, 2057
Support: 2017, 2006, 1991
Note
Gold tapped into the resistance trendline and fell directly. It happend during CPINote
Our anylise is on point ones again. GOld fell deep. COngrats if you followed
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