XAUUSD...more drop coming?

gold has lost a very important solid support level. this level hasn't been broken since JUN 2020.

by the time is moving into a local daily channel. we also have a hidden gap in lower timeframes caused

by last daily long Bar candle. so either this gap needs to fill or continuing the drop the next important

support level that price may hit would be around 1636$.

you can see 4h chart for more details.

Enjoy the market

Comment:

pulled back to the zone as expected.
now this critical zone must be watched to see which side to follow

Trade active:

pulled back from the area

Trade closed: target reached:

as expected price declined during last week and seems bearish yet.