


- Completed " 1234 " Impulsive Waves - Break of Structure - RSI - Divergence - Bullish Channel as an corrective pattern in Short Time Frame - Point of Interest
- Completed " 12345 " Impulsive Waves - Break of Structure - RSI - Divergence - Demand Zone - Bearish Channel as an corrective pattern in Long Time Frame
- Completed " 1234 " Impulsive Waves - Break of Structure - RSI - Divergence - Bullish Channel as an corrective pattern in Short Time Frame - Point of Interest
- Completed " 12345 " Impulsive Waves - Break of Structure - RSI - Divergence - Support Level - Change of Characteristics
Gold has broken out and settled below an important daily horizontal support level. Prior to breaking out of the support level, the price of gold had been consolidating in a narrow horizontal range. A bearish breakout of this trading range is a strong signal for further declines. The pair could continue to fall after retesting the breakout level of 3120.
- Completed " 12345 " Impulsive Waves - Break of Structure - Demand Zone - Falling Wedge as an corrective pattern in Short Time Frame - Fibonacci Level - 38.20%