in my opinion in these few Weeks gold will start a Down trend but there are two scenarios that might happen if it starts Down trending:
1. As you see it Touches the yellow area and gonna start down trending
2. Next few days Gold touch the red area and after checking oscillators and indicators you will see The reversal signs!
but I think the possibility of the...
based on the 5 waves elliot's theory and fibo's numbers this place might be a reversal area !
and also if you check stochastic in 1D and 1W time frames you'll see they are both in over bought level !
