Gold Downside Target

Gold has turned down from the 200 period average on the 4 hour chart, short term trendline, and 2011 high. Notice the action around the 2011 high over the last few months…gold remembers! Focus remains lower. 1760 appears critical for longer term support. This is the May high, near the 200 day average (see scandex.com/2020/10/...t-update-october-13/), and is a parallel that crosses highs and lows since August 2019.