Gold is near the trendline support, but given the previous bullish trendline breakdown and the strength of the sellers, we can expect it to once again return to $2,634 and $2,636 and continue to fall with more force.
Hello, we are back. Gold is in a strong downtrend and has very strong resistance in the $2626 to $2630 range, which is unlikely to be broken.
With today's data release, gold could rise to 2643 and then fall to 2529 and 2525.
Gold lost support at $2,738 yesterday, which caused it to lose support at the bottom of the uptrend at $2,730. The price cannot break the resistance at $2,738, so it could fall to $2,694.
As discussed in Monday's analysis we should wait for gold new ATH... I hope you enjoyed our analysis.
According to the previous analysis, the price exactly reached our goal. Now the price should correct to 2643 on Monday after a small rise. In the rest of the week, gold should break its previous price record As the gold chart gives us this sign, Israel will attack Iran this week and gold can rise to the price of 2772.
After the price reached the range I had specified yesterday, it grew to the top of the channel with increasing demand. The range that I specified with the white box can prevent the price from falling again.
Hello, today I want to share my first analysis of gold with you Gold is now in a descending channel, the middle line of the channel is very valid. By retesting this midline in the New York session, the price could fall to the 2600 level.