GOLD has been in a downtrend and likely to continue currently at 1200-1180 zone where there is support, however break below 1180 then likely lower.
1046-1375 followed by 1375-1122 & 1122-1365 , now on the downside from 1365 and how low ???
1375-1122= 253 then 1365-253= 1113(100%) or 1080(113%)/1043(127% double bottom), however from 1122-1365 then there is another alternate
1122-1357/1365 double top with this scenario the downside = 1175-1150, break below here then 1120 or even as low as 1080 then 1040 but not for now.
price support between 1180-1150 crucial price zone, break here then 1100 -1050 next price zones.
1046-1375 followed by 1375-1122 & 1122-1365 , now on the downside from 1365 and how low ???
1375-1122= 253 then 1365-253= 1113(100%) or 1080(113%)/1043(127% double bottom), however from 1122-1365 then there is another alternate
1122-1357/1365 double top with this scenario the downside = 1175-1150, break below here then 1120 or even as low as 1080 then 1040 but not for now.
price support between 1180-1150 crucial price zone, break here then 1100 -1050 next price zones.
