Some quite some time, we have seen a decline in the gold price, and we convinced that the bearish trend is going to continue. A couple of months ago, we identified a target area (marked with the cute bear circle 🥰) between $1722 and $1606. Once we fall below $1767, we have good chances that we approach this area soon. The reason why we are so hyped up to reach this area is, because we expect a massive – and by massive we mean reeeeally massive – turnaround which results in the gold price pushing for new highs. Having such a profitable outlook, we can’t wait for the price to approach the target area!