Gold in a downtrend - what to look out for?
Price is in a downtrend on the H1 timeframe. It tried to go above 1800 again, but it didn't take long for another drop.
That only shows us that there is a higher probability for a downside continuation and price possibly heading to 1748.
As soon as we see a break and close below previous low and the 1787 level,
then that's going to be our confirmation for an additional move to the downside.
Depending on price action in the next few days this target could be extended to a further level.
DON'T forget to like and comment on this post to support us ... and for the analysis to complete :)
That only shows us that there is a higher probability for a downside continuation and price possibly heading to 1748.
As soon as we see a break and close below previous low and the 1787 level,
then that's going to be our confirmation for an additional move to the downside.
Depending on price action in the next few days this target could be extended to a further level.
DON'T forget to like and comment on this post to support us ... and for the analysis to complete :)
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💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
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