hello everyone,
gold is on a strong trendline, I see a possible pullback to key s/r level (Wtime) 1296.51 before it will drop further, if the next candle close above the trendline, we will see a pullback to the downtrendline and key s/r level. the rsi and stoch its also really oversold. its waiting now what the next candle will do on the daily chart. also the last 2 candles indicates that there is not much going on with gold possible cause the direction will change and gonna have a pullback and retest of the downtrendline before it will keep dropping.
gold is on a strong trendline, I see a possible pullback to key s/r level (Wtime) 1296.51 before it will drop further, if the next candle close above the trendline, we will see a pullback to the downtrendline and key s/r level. the rsi and stoch its also really oversold. its waiting now what the next candle will do on the daily chart. also the last 2 candles indicates that there is not much going on with gold possible cause the direction will change and gonna have a pullback and retest of the downtrendline before it will keep dropping.