Gold has been very clear to predict this week. Upon Analyzing Gold I found a few different possible scenarios for future price movements. This sentiment aims toward Gold being bearish . Gold failed to continue bullish movements that would've put its price back into a 4HR Channel.(1905.00 -1910.00). Which sparked a loss of Bullish pressure, & a clean bearish reversal. I predict Gold may Gap Up in the start of the next session, near the bottom of the 4HR Box Zone 1 (Marked On Chart). After, price may fall directly into the next 4HR Box Zone (Marked On Chart). Price may even become stagnant around $1895 - $1898 & then continue its path to the downside. If that scenario above occurred, then my Target Level would be $1875 because it was a key Psych Level. For added confluence, the 61% Fibonacci Level is at $1876.62. Further breakout past that level would be surprising....
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