I remain bearish on gold. Ahead is a strong structure resistance. For the last 3 trading weeks, Gold is very bullish . The market gained more that 6%. So the long-term bullish power will not fall immediately, it may form a double-headed structure and reach 1903-1917 again.
Once the price reaches this position, again that your task will be to look for an intraday confirmation to short. Then a pullback will be expected at least to 1850 level.
If you analyze the price action from February 2021 you may notice that the market is trading within a wide horizontal trading range.
If 1917 is broken strongly, then that means a bullish breakout of the underlined resistance will trigger a bullish continuation to 1960 level.
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