Gold has been cut off increase when there were some hopes of tariff reduction between two sides of the trade war. Now there are symptoms indicate that negotiations will be stopped . The chart has 1521.64 as support area and 1548.051 as psychologically resistance region. I assume that we can see even 1661.420.
Due to analyzes of previous multi time frame analysis about the symbol which imply on corrective movements to the important support area of weekly time frame, the daily indicates possible pullback and also the h1 time frame shows new bullish attitude but eventually we can say that probable fluctuations of US10Y have two tp regions.
Down trend with negative hidden divergence is shown with breakout the channel. Therefore the assumption about establishing of new support region can be declared.
