Gold price has closed below a 1 x 2 Gann support angle for the main 874 points bear range for the first time since the decline started on 9th March
On the daily candle price always closes above 1482 - 1487 level which is above the up trending line.
If this angle will hold as valid resistance now then we might see further decline below the current low 1451.
Watch closely the close of today's candle, a close above 1488 - 1496 range is very important if further advance will continue. The advance from 1454 is a retouch and if price turn lower the 1414 - 1417 range will offer some mid-term support. Below that lies the 1368 base.
Use valid stop loss
On the daily candle price always closes above 1482 - 1487 level which is above the up trending line.
If this angle will hold as valid resistance now then we might see further decline below the current low 1451.
Watch closely the close of today's candle, a close above 1488 - 1496 range is very important if further advance will continue. The advance from 1454 is a retouch and if price turn lower the 1414 - 1417 range will offer some mid-term support. Below that lies the 1368 base.
Use valid stop loss