Gold has been declining since the opening of the session with the result of -0.5%. Earlier a false breakout of 1943 was formed, most likely the price will continue its fall, but only after breaking the support of the bearish channel
TA on high timeframe: 1) After breaking the support, the price forms a retest of 1938.9, but makes a false breakout 2) Liquidity area - 1924 (local target)
TA on the low timeframe: 1) False break of resistance at 1943.3 forms a decline and a retest of the bearish trend support area 2) Price has previously tested this area and formed a huge liquidity pool, the breakout of which forms a strong downward momentum. 3) A quick retest is formed (after one trading session). The market is increasing the chances of a support breakout
We will keep an eye on this one.