Yesterday's US news turned out to be very bearish for Gold.
The market formed a high momentum bearish candle and violated 2 horizontal support and a major rising trend line, and successfully closed below them all.
The broken structures compose an expanding supply zone now. We may see a retest of broken structures with a consequent bearish continuation.
Current inflation pressure, Core CPI above expectations and fed mentioning the rate cuts are unlikely in March that might put further pressure in Gold. i'm watching a similar breakout compared to yours. this is what i see!
this is what i see!