The gold continues to break lower as US stocks market continued to climb steadily.
The neckline of an HnS was successfully broken creating the case for further bearish movement.
And looking at the weekly chart, the price has also closed below a range at the top with a significantly bearish candle.
In the first trading day of the week, we can expect further retracement before the price resumes depreciation.
Look for selling opportunity within the supply zone of 1284 - 1289.
The neckline of an HnS was successfully broken creating the case for further bearish movement.
And looking at the weekly chart, the price has also closed below a range at the top with a significantly bearish candle.
In the first trading day of the week, we can expect further retracement before the price resumes depreciation.
Look for selling opportunity within the supply zone of 1284 - 1289.
