🥇 GOLD - Targets are much lower. The session starts with a drop
Updated
The selling continues. Markets are leading the price towards the global target, where the rally started, due to heavy buying volumes. The weak fundamental background related to NFP, Initial Jobless Claims, supports the dollar, on which background gold will weaken
The beginning of correction ↓:
1) Breakout of local support lines
2) Accumulation before further decline
3) Downward triangle
4) Market continues to update lows
5) Weak fundamental background
The beginning of correction ↓:
1) Breakout of local support lines
2) Accumulation before further decline
3) Downward triangle
4) Market continues to update lows
5) Weak fundamental background
Trade active
The situation is the same, the intermediate goal has been achieved, but not the main goal.
The market may be highly volatile today before and at the time of news publication. Be careful before 13:30 GMT.
Rising volumes and volatility may provoke the price to test the levels above. But I am still sticking to the fact that the fall will continue.
Pay attention to the resistance: 1990, 1994, 2000, as well as to the support: 1984.
Target 1980 1975, 1970, 1950
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