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In my personal opinion GOLD is in a tricky place where all the 3 scenarios that I showed are possible.
1.Red Scenario - is possible if the price will respect the channel development
2.Orange Scenario - is possible only if the price will retes the small broken structure and moves lower
3.Black Scenario - the price will break lower than the support trend line by growing in this way the bearish momentum and pushing lower.
I am focused on the Orange Scenario.
Thank you and Good Luck!
1.Red Scenario - is possible if the price will respect the channel development
2.Orange Scenario - is possible only if the price will retes the small broken structure and moves lower
3.Black Scenario - the price will break lower than the support trend line by growing in this way the bearish momentum and pushing lower.
I am focused on the Orange Scenario.
Thank you and Good Luck!
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