On the Monthly TF, the last candle that ever got to that high was on 1st august, 2008 and there have been multiple rejections at that zone.
So now, the current Monthly TF is moving towards that zone again and we are hopeful it will bounce off that zone again.
So lets be patient and watch price get there and do as it so pleases.
From that Zone, a massive sell...
Gold is currently on an overall down trend and its not ending anytime soon till it get to a very good support @ 1885
So once it breaks that minor support @1905.63, it will be a journey down to the major low at 1885.
Patience is needed for this Long walk but at the end, it will be worth the wait.
