GOLD continuous downtrending
Continuous down trending for GOLD.
If the price will close under the lower forecast line (line from recent lower to cloud with a 25 days distance) we can expect the price to continue to go down.
Also we need a confirmation by ichimoku with a descending cloud and conversation line.
As next relevant price area we can consider the previous low and a range between 1630 and 1600.
If the price will close under the lower forecast line (line from recent lower to cloud with a 25 days distance) we can expect the price to continue to go down.
Also we need a confirmation by ichimoku with a descending cloud and conversation line.
As next relevant price area we can consider the previous low and a range between 1630 and 1600.
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