Despite war problems and FOMC rates discussions along with tentions over oil, we have seen gold moving down. Creating new lower lows but it hasn't managed to create a new higher high.
The resistance zone looks solid and indicates the possibility of another move to thw downside.
If this happens soon, we may see GOLD testing in 2000 and 1960
On the daily timeframe we can see gold about to rest support at the same level as the highs of its current channel.
The resistance zone looks solid and indicates the possibility of another move to thw downside.
If this happens soon, we may see GOLD testing in 2000 and 1960
On the daily timeframe we can see gold about to rest support at the same level as the highs of its current channel.