GOLD WILL FALL AGAIN
hello again im here with new analysis.
the price moved according my last forecast and made +250 pips profit it was a fast profit congratulation .
lets start new analysis gold is still in a downtrend the price is below 2625 resistance and below ma200 after a corrective movement gold will fall again
Gold is bearish.
The overall trend on the H4 chart is still bearish, and the price remains below the 2586.20 resistance. Additionally, the rejection from the 38.2 Fibonacci level suggests a higher probability of continuing the drop toward 2538.57.
the price moved according my last forecast and made +250 pips profit it was a fast profit congratulation .
lets start new analysis gold is still in a downtrend the price is below 2625 resistance and below ma200 after a corrective movement gold will fall again
Gold is bearish.
The overall trend on the H4 chart is still bearish, and the price remains below the 2586.20 resistance. Additionally, the rejection from the 38.2 Fibonacci level suggests a higher probability of continuing the drop toward 2538.57.
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